CHICAGO, May 29, 2024--CIBC Innovation Banking announced today that it has provided extended financing to Boston-based Shorelight, an enrollment and performance management platform that drives international student success at top universities. Shorelight will use the extended financing to continue enhancing its product and service offering to international students and university partners.
The appointment underscores the lender's focus on its leveraged finance business in the United States, it said, at a time when private investment firms are challenging the dominance of banks in the industry. Aston, previously the head of industrials and energy leveraged finance at Barclays, will join CIBC in August.
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