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Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

CIBC Completes $50 Million Financing of Hootsuite Inc.

2018

Areas Banking and Finance Law

Summary

In the first major financing for CIBC’s Innovation Banking division that was newly created and aimed at providing a Canadian-based financing source to serve the technology sector in Canada, Hootsuite Inc. and its affiliates signed a credit agreement to provide up to US$50 million in secured credit facilities, which the company plans to use for future expansion purposes. This was the first major financing for CIBC’s Innovation Banking division, and a positive development for a Canadian bank to compete in a sector that has been traditionally served by non-Canadian lenders.