CIBC Provides Expanded Credit Facility for Vena Solutions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy CM?
CIBC Innovation Banking announced its role as Lead Arranger and Administrative Agent in an expanded credit facility for Vena Solutions. The increased financing and broadened syndicate are set to support Vena's acquisition of Acterys, an industry-leading Microsoft Power BI-based operational planning and app development platform, and provide additional capital to fuel future growth for the newly combined organization. Existing investors include Vista Equity Partners, JMI Equity and Centana Growth Partners.
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Analyst Views on CM
Wall Street analysts forecast CM stock price to fall
9 Analyst Rating
4 Buy
4 Hold
1 Sell
Moderate Buy
Current: 107.490
Low
86.33
Averages
94.55
High
100.97
Current: 107.490
Low
86.33
Averages
94.55
High
100.97
About CM
Canadian Imperial Bank of Commerce is a North American financial institution. The Company's segments include Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets. Canadian Personal and Business Banking segment provides personal and business clients across Canada with financial advice, services and solutions through banking centers, mobile and online channels. Canadian Commercial Banking and Wealth Management segment provides relationship-oriented banking and wealth management services. U.S. Commercial Banking and Wealth Management segment is focused on middle-market and mid-corporate companies, entrepreneurs, high-net-worth individuals and families, as well as operating personal and small business banking services in six United States markets. Capital Markets segment provides integrated global markets products and services, investment banking and corporate banking solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Record Gold Equivalent Ounces: The company achieved a total of 14,285 Gold Equivalent Ounces (GEOs) for the year, a substantial increase from approximately 9,000 GEOs last year, showcasing significant progress in diversifying its mineral asset portfolio and enhancing production capabilities.
- Innovative Dividend Announcement: The company declared an inaugural dividend of $0.12 per share annually, with an option for shareholders to receive it in Tether XAUT tokens, demonstrating innovative thinking in shareholder returns while enhancing liquidity.
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- Interest Cessation: Interest on the debentures will cease to accrue from the redemption date, which may affect the income expectations of bondholders and influence their investment strategies.
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See More
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