CIBC Bank USA

S&W Secures New $35 million Working Capital Facility with CIBC

Monday, December 30, 2019 - 10:56pm

LONGMONT, Colo., Dec. 30, 2019 /PRNewswire/ --S&W Seed Company (Nasdaq:SANW) today announced it has closed a new $35 million asset-based revolving credit facility with CIBC Bank USA ("CIBC").

Key Points: 
  • LONGMONT, Colo., Dec. 30, 2019 /PRNewswire/ --S&W Seed Company (Nasdaq:SANW) today announced it has closed a new $35 million asset-based revolving credit facility with CIBC Bank USA ("CIBC").
  • The new credit facility replaces an existing facility with a number of potential advantages to S&W including a reduction in the cost of capital, enhanced borrowing base structure, and increased flexibility to pursue its growth strategy.
  • In addition to this new $35 million revolving credit facility with CIBC, S&W maintains an AUD $15 million revolving credit facility for the Company's Australian operations with National Australia Bank ("NAB").
  • The Company also entered into a 3-year extension with Rooster Capital LLC on its $9.3 million real estate note previously issued to Conterra Agricultural Capital, LLC (and which was subsequently assigned to Rooster).

CIBC adds 200 specialized advisors, new technology to support Canadian entrepreneurs

Wednesday, December 11, 2019 - 2:55pm

In addition to expanding its dedicated business advisory teams, CIBC has equipped its advisors with market-leading tools to support entrepreneurs at all life stages, from start up to expansion, managing cash flow to business transition.

Key Points: 
  • In addition to expanding its dedicated business advisory teams, CIBC has equipped its advisors with market-leading tools to support entrepreneurs at all life stages, from start up to expansion, managing cash flow to business transition.
  • "We are supporting Canadian business by elevating our specialized advisory services, providing greater banking flexibility, and building world-class digital capabilities that help business owners and professionals to focus on their bigger picture," said Andrew Turnbull, Senior Vice-President, Business Banking, CIBC.
  • CIBC's Business Banking specialist advisor teams provide trusted business financial advice, including cash management consulting to improve business cash flow and expansion financing to support a scaling business.
  • CIBC has complemented its relationship-based advisory services with new technology to elevate the banking experience for Canadian entrepreneurs.

CIBC's Agility Savings Account Named a Best of 2020 by GOBankingRates.com

Monday, December 9, 2019 - 5:00pm

CHICAGO, Dec. 9, 2019 /PRNewswire/ - CIBC Agility Savings, the online-only high interest savings account offered by CIBC Bank USA, was named a Best Savings Account of 2020 by GOBankingRates.com.

Key Points: 
  • CHICAGO, Dec. 9, 2019 /PRNewswire/ - CIBC Agility Savings, the online-only high interest savings account offered by CIBC Bank USA, was named a Best Savings Account of 2020 by GOBankingRates.com.
  • GOBankingRates.com highlighted CIBC Agility's high rate, 24/7 online access and no monthly fees as key features of the account.
  • "We are pleased that GOBankingRates.com recognizes the great value provided by a CIBC Agility Savings account," said Brant Ahrens, President, CIBC US Retail and Digital Banking.
  • CIBC Agility was introduced in May 2018 and provides an attractive interest rate to those looking to reach their savings goals faster.

CIBC Innovation Banking Backs Madwire® with US$16 Million of New Financing

Wednesday, November 13, 2019 - 2:30pm

CIBC initially provided $10 million of working capital financing to help support Madwires continued operational expansion.

Key Points: 
  • CIBC initially provided $10 million of working capital financing to help support Madwires continued operational expansion.
  • Subsequently, CIBC provided an additional $6 million term facility to finance Madwires October acquisition of SpaceCraft, a cloud-based website development and management platform located in Austin, Texas.
  • CIBC Innovation Banking delivers strategic advice, funding, and cash management to North American innovation companies at each stage of their business cycle, from start up to IPO and beyond.
  • CIBC Innovation Banking is a brand name under which CIBC and CIBC Bank USA provide products and services.

CIBC Innovation Banking Provides Adthena With US$5 Million Growth Capital Financing

Wednesday, September 25, 2019 - 4:30pm

CIBC Innovation Banking has announced a US$5 million growth capital financing for search intelligence provider Adthena.

Key Points: 
  • CIBC Innovation Banking has announced a US$5 million growth capital financing for search intelligence provider Adthena.
  • Adthena has raised US$18 million and is backed by Updata Partners, a leading technology focused growth equity fund.
  • We are very excited to be supporting a top-tier management team said Caroline Tkatschow, Director at CIBC Innovation Banking.
  • CIBC Innovation Banking is a brand name under which CIBC and CIBC Bank USA provide products and services.

CIBC Innovation Banking Provides Aktana with $20 Million Growth Financing

Wednesday, September 25, 2019 - 2:00pm

CIBC Innovation Banking has closed a $20 million debt financing for San Francisco-based Aktana Inc.

Key Points: 
  • CIBC Innovation Banking has closed a $20 million debt financing for San Francisco-based Aktana Inc.
  • Aktana is disrupting the industry and were pleased to support the next stage of the companys growth."
  • CIBC Innovation Banking delivers strategic advice, cash management and funding to North American innovation companies at each stage of their business cycle, from start up to IPO and beyond.
  • CIBC Innovation Banking is a brand name under which CIBC and CIBC Bank USA provide products and services.

CIBC Innovation Banking Provides Sampler With $1 Million of Growth Capital Financing

Thursday, August 22, 2019 - 2:30pm

CIBC Innovation Banking has announced a $1 million growth capital financing for Sampler.

Key Points: 
  • CIBC Innovation Banking has announced a $1 million growth capital financing for Sampler.
  • Samplers end-to-end digital platform gets product samples into the hands of the target audience both quickly and effectively, said Amy Olah, Executive Director at CIBC Innovation Banking.
  • "I think it's important for startups to realize that there are other financing options than equity financing," said Marie Chevrier, CEO at Sampler.
  • CIBC Innovation Banking is a brand name under which CIBC and CIBC Bank USA provide products and services.

Stratifyd Receives $10 Million in Growth Capital Funding from CIBC

Tuesday, August 6, 2019 - 4:00pm

CIBC Innovation Banking has entered into a $10-million debt-financing round with customer analytics company Stratifyd, which will use the funds to help facilitate future growth.

Key Points: 
  • CIBC Innovation Banking has entered into a $10-million debt-financing round with customer analytics company Stratifyd, which will use the funds to help facilitate future growth.
  • CIBC Innovation Banking is excited to work with the Stratifyd team, said Amy Olah, Executive Director, CIBC Innovation Banking.
  • Stratifyd has built an innovative and powerful AI platform and is well poised for continued growth.
  • CIBC Innovation Banking is a brand name under which CIBC and CIBC Bank USA provide products and services.

CIBC Innovation Banking Provides Invixium With US$3.5 Million Growth Capital Financing

Tuesday, July 30, 2019 - 2:00pm

CIBC Innovation Banking is pleased to announce US$3.5M in debt financing for Invixium, a leading provider of modern biometric solutions for access control and workforce digitalization.

Key Points: 
  • CIBC Innovation Banking is pleased to announce US$3.5M in debt financing for Invixium, a leading provider of modern biometric solutions for access control and workforce digitalization.
  • Invixium has been at the leading edge of the biometric market and is positioned to be the market leader, said Rob Rosen, Managing Director, CIBC Innovation Banking.
  • Partnering with CIBC Innovation Banking is a huge vote of confidence for our growth trajectory, said Shiraz Kapadia, CEO & President, Invixium.
  • CIBC Innovation Banking is a brand name under which CIBC and CIBC Bank USA provide products and services.

CIBC Innovation Banking Opens New Office in Austin, Texas; Expands Menlo Park and Denver Teams

Monday, July 15, 2019 - 2:00pm

CIBC Innovation Banking is pleased to announce the opening of a new office in Austin, Texas, as the group continues its strategic expansion in key technology markets in North America.

Key Points: 
  • CIBC Innovation Banking is pleased to announce the opening of a new office in Austin, Texas, as the group continues its strategic expansion in key technology markets in North America.
  • Joining the new Austin office as Managing Director is Sara Johnson, a seasoned market leader in M&A debt financings.
  • CIBC Innovation Banking delivers strategic advice, cash management and funding to North American innovation companies at each stage of their business cycle, from start up to IPO and beyond.
  • CIBC Innovation Banking is a brand name under which CIBC and CIBC Bank USA provide products and services.