CIBC expands commercial banking services to include junior debt lending and advisory

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CIBC established a new Junior Debt Lending and Advisory Team within its US Commercial Banking Group, effective May 17th Specialist Banks.

“Our clients require the ideal capital structure to ensure the success of their businesses,” said Bruce Hague, CIBC’s president of US commercial banking. “At CIBC, we design bespoke credit solutions and provide world-class advice and strategic support to help them achieve their ambitions.”

Charlie Sheridan will lead the new team. Sheridan, who recently joined CIBC as Managing Director and Group Leader, has over 20 years of industry experience. He previously served as Executive Director of the Financial Sponsors Group at JP Morgan.

The new group will provide subordinated debt and second tier loans. It will lend against its own balance sheet, using a proprietary network of lenders and investors when needed. CIBC will provide junior lending and advisory capabilities to a variety of industries throughout the United States and Canada for a variety of purposes including acquisition financing, capital expenditures, recapitalizations, growth capital and general working capital needs

“Financial needs can be complex, but our specialized and relational approach simplifies our clients’ banking,” said Hague.

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