CIBC formed a new junior debt lending and advisory team within its U.S. commercial banking group, marking the bank’s 17^th specialty banking area.

“Our clients require the ideal capital structure to ensure their business’ success,” Bruce Hague, president of U.S. commercial banking at CIBC, said. “At CIBC, we craft tailored lending solutions and offer high-touch advisory and strategic support to help them achieve their ambitions.”

Charlie Sheridan will lead the new team. Sheridan, who recently joined CIBC as managing director and group head, has more than 20 years of industry experience. Previously, he served as executive director of the financial sponsors group at J.P. Morgan.

The new group will provide subordinated debt and second lien loans. It will lend against its own balance sheet and leverage a proprietary network of lenders and investors, as needed. CIBC will deliver junior debt lending and advisory capabilities across a variety of industries in the United States and Canada, serving a range of purposes, including acquisition financing, capital expenditures, recapitalizations, growth capital and general working capital needs

“Financial needs can be complex, but our specialized and relationship-driven approach simplifies our clients’ banking experience,” Hague said.