Bernstein Liebhard LLP’s Post

Our capital markets team represented the underwriters, led by CIBC World Markets Corp., BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and TD Securities (USA) LLC, on Canadian Imperial Bank of Commerce's SEC-registered USD2.25 billion notes offering, comprising three series of floating and fixed-to-floating rate senior notes. This marks another significant senior debt financing transaction for CIBC, a leading and well-diversified North American financial institution providing services to 14 million personal banking, business, public sector, and institutional clients across North America and around the world. The net proceeds from the offering will be used for general corporate purposes. Partner Justin Cooke led the transaction alongside associates Cristina Palma, David Birch, and Nikolaos Chagias, with additional support provided by partner Jennifer Morton and associate Taylor Pugliese. Read more about the deal here: https://lnkd.in/eTv9BQ-9 #AOShearman #CapitalMarkets

Our capital markets team represented the underwriters, led by CIBC World Markets Corp., BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and TD Securities (USA) LLC, on Canadian Imperial Bank of Commerce's SEC-registered USD2.25 billion notes offering, comprising three series of floating and fixed-to-floating rate senior notes. This marks another significant senior debt financing transaction for CIBC, a leading and well-diversified North American financial institution providing services to 14 million personal banking, business, public sector, and institutional clients across North America and around the world. The net proceeds from the offering will be used for general corporate purposes. Partner Justin Cooke led the transaction alongside associates Cristina Palma, David Birch, and Nikolaos Chagias, with additional support provided by partner Jennifer Morton and associate Taylor Pugliese. Read more about the deal here: https://lnkd.in/dVGdqhVn #AOShearman #CapitalMarkets

Our capital markets team represented the underwriters, led by CIBC World Markets Corp., BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and TD Securities (USA) LLC, on Canadian Imperial Bank of Commerce's SEC-registered USD2.25 billion notes offering, comprising three series of floating and fixed-to-floating rate senior notes. This marks another significant senior debt financing transaction for CIBC, a leading and well-diversified North American financial institution providing services to 14 million personal banking, business, public sector, and institutional clients across North America and around the world. The net proceeds from the offering will be used for general corporate purposes. Partner Justin Cooke led the transaction alongside associates Cristina Palma, David Birch, and Nikolaos Chagias, with additional support provided by partner Jennifer Morton and associate Taylor Pugliese. Read more about the deal here: https://lnkd.in/g2s2CdRj #AOShearman #CapitalMarkets

Our capital markets team, led by partners Ryan Robski and Jason Lehner and associates Tianwei Liu and Hunter Steitle, represented the underwriters, led by BMO Capital Markets, BofA Securities, Citigroup, Goldman Sachs & Co. LLC, Truist Securities, and UBS Investment Bank, in connection with Bank of Montreal’s recent USD750 million Limited Recourse Capital Notes offering. This transaction marked Bank of Montreal’s second U.S. registered offering of Limited Recourse Capital Notes. As the eighth largest bank in North America, with CAD1.4 trillion in assets as of April 30, 2024, the Bank provides a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States and select markets globally. Partner Larry Crouch and associates Daniel Kachmar and Taylor Pugliese provided tax and financial institution regulatory support for the deal. Read more about the deal here: https://lnkd.in/eMNZKNjx #AOShearman #CapitalMarkets

Our capital markets team, led by partners Ryan Robski and Jason Lehner and associates Tianwei Liu and Hunter Steitle, represented the underwriters, led by BMO Capital Markets, BofA Securities, Citigroup, Goldman Sachs & Co. LLC, Truist Securities, and UBS Investment Bank, in connection with Bank of Montreal’s recent USD750 million Limited Recourse Capital Notes offering. This transaction marked Bank of Montreal’s second U.S. registered offering of Limited Recourse Capital Notes. As the eighth largest bank in North America, with CAD1.4 trillion in assets as of April 30, 2024, the Bank provides a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States and select markets globally. Partner Larry Crouch and associates Daniel Kachmar and Taylor Pugliese provided tax and financial institution regulatory support for the deal. Read more about the deal here: https://lnkd.in/ed6Y75VA #AOShearman #CapitalMarkets

Our capital markets team represented the underwriters, led by CIBC World Markets Corp., BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and TD Securities (USA) LLC, on Canadian Imperial Bank of Commerce's SEC-registered USD2.25 billion notes offering, comprising three series of floating and fixed-to-floating rate senior notes. This marks another significant senior debt financing transaction for CIBC, a leading and well-diversified North American financial institution providing services to 14 million personal banking, business, public sector, and institutional clients across North America and around the world. The net proceeds from the offering will be used for general corporate purposes. Partner Justin Cooke led the transaction alongside associates Cristina Palma, David Birch, and Nikolaos Chagias, with additional support provided by partner Jennifer Morton and associate Taylor Pugliese. Read more about the deal here: https://lnkd.in/eWkcAUbM #AOShearman #CapitalMarkets

Our capital markets team, led by partners Ryan Robski and Jason Lehner and associates Tianwei Liu and Hunter Steitle, represented the underwriters, led by BMO Capital Markets, BofA Securities, Citigroup, Goldman Sachs & Co. LLC, Truist Securities, and UBS Investment Bank, in connection with Bank of Montreal’s recent USD750 million Limited Recourse Capital Notes offering. This transaction marked Bank of Montreal’s second U.S. registered offering of Limited Recourse Capital Notes. As the eighth largest bank in North America, with CAD1.4 trillion in assets as of April 30, 2024, the Bank provides a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States and select markets globally. Partner Larry Crouch and associates Daniel Kachmar and Taylor Pugliese provided tax and financial institution regulatory support for the deal. Read more about the deal here: https://lnkd.in/ddB7Kqt2 #AOShearman #CapitalMarkets

Our capital markets team represented the underwriters, led by CIBC World Markets Corp., BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and TD Securities (USA) LLC, on Canadian Imperial Bank of Commerce's SEC-registered USD2.25 billion notes offering, comprising three series of floating and fixed-to-floating rate senior notes. This marks another significant senior debt financing transaction for CIBC, a leading and well-diversified North American financial institution providing services to 14 million personal banking, business, public sector, and institutional clients across North America and around the world. The net proceeds from the offering will be used for general corporate purposes. Partner Justin Cooke led the transaction alongside associates Cristina Palma, David Birch, and Nikolaos Chagias, with additional support provided by partner Jennifer Morton and associate Taylor Pugliese. Read more about the deal here: https://lnkd.in/eqe_ghqS #AOShearman #CapitalMarkets

Before announcing a capital infusion of more than $1 billion from investors led by Liberty Strategic Capital, the former Treasury Secretary Steven Mnuchin's company, New York Community Bank announced on Thursday that it had lost 7% of its deposits over the volatile month. As of March 5, the bank had deposits of $77.2 billion, according to a presentation given by NYCB to investors in connection with the capital raising. That was less than the $83 billion it held on February 5th, the day before the bank's credit ratings were downgraded to junk by Moody's Investors Service. Don't miss out on the latest business and finance trends! Follow us today & stay updated. #worldeconomicmagazine #internationalnews #news #businessnews #globalmarketnews #updates #latestnews #globalupdate #internationalheadlines #globalnewshighlights #globalnewsupdate

Discover how Northern Trust is tackling settlement inefficiencies head on thanks to the Unique Transaction Identifier and Swift Securities View. 📽️ Watch now: https://okt.to/45bhjQ #securities #capitalmarkets #settlement