CIBC Enters Underwriting Agreement for Subordinated Debt

Canadian Imperial Bank of Commerce (CIBC) has entered into an underwriting agreement dated July 6, 2026, with several major financial institutions including CIBC World Markets Corp., Barclays Capital Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, and Wells Fargo Securities, LLC. This agreement, along with a Fourth Supplemental Indenture dated July 13, 2026, indicates a new issuance of subordinated debt. The supplemental indenture was made with The Bank of New York Mellon and Computershare Advantage Trust of Canada, building upon a prior subordinated debt indenture from November 2024.