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The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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January 23, 2025
Source: CIBC ABL
CIBC ABL closed four new transactions, totaling $107mln, in November and December 2024. The momentum and strong growth late in 2024 signals a positive outlook for the upcoming fiscal year with a depth of new deal flow still to come.
The representative transactions emphasize the depth of connectivity of our senior business development team, and their long-standing relationships with key centers of influence, family-owned businesses and sponsors. It is these relationships coupled with our wide set of capabilities from turnaround situations through high-growth opportunities, that make our business unique. These transactions demonstrate our commitment to executing throughout various stages of our clients’ lifecycle.
In November 2024, CIBC ABL provided a $10mln Revolving Line of Credit to a sponsor-backed manufacturer of metal components based in the Midwest Region. The facility will support the Company’s ongoing working capital needs. Additionally, our team successfully transacted with a family-owned distributor of educational and recreational products, closing a $12mln Revolving Line of Credit and $5mln Senior Term Loan. Both transactions were won through competitive, advisor-led processes with long-standing partners.
In December, CIBC ABL provided a $35mln Revolving Line of Credit and $20mln Senior Term Loan to a manufacturer of flooring installation products. The transaction will support a West Coast-based Sponsor’s acquisition and corporate carve out. Additionally, our team partnered with a sponsor-backed contract manufacturer based in the Mid-Atlantic/Northeast Region, closing a $25mln Revolving Line of Credit. The facility will refinance the Company’s existing debt and support ongoing working capital and growth.
These transactions exemplify our speed of execution, national reach, and focus on providing tailored solutions to our middle-market client base.
The representative transactions emphasize the depth of connectivity of our senior business development team, and their long-standing relationships with key centers of influence, family-owned businesses and sponsors. It is these relationships coupled with our wide set of capabilities from turnaround situations through high-growth opportunities, that make our business unique. These transactions demonstrate our commitment to executing throughout various stages of our clients’ lifecycle.
In November 2024, CIBC ABL provided a $10mln Revolving Line of Credit to a sponsor-backed manufacturer of metal components based in the Midwest Region. The facility will support the Company’s ongoing working capital needs. Additionally, our team successfully transacted with a family-owned distributor of educational and recreational products, closing a $12mln Revolving Line of Credit and $5mln Senior Term Loan. Both transactions were won through competitive, advisor-led processes with long-standing partners.
In December, CIBC ABL provided a $35mln Revolving Line of Credit and $20mln Senior Term Loan to a manufacturer of flooring installation products. The transaction will support a West Coast-based Sponsor’s acquisition and corporate carve out. Additionally, our team partnered with a sponsor-backed contract manufacturer based in the Mid-Atlantic/Northeast Region, closing a $25mln Revolving Line of Credit. The facility will refinance the Company’s existing debt and support ongoing working capital and growth.
These transactions exemplify our speed of execution, national reach, and focus on providing tailored solutions to our middle-market client base.
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