Canadian Imperial Bank of Commerce has upped its commitment to MAI Basic Four Inc’s bid for Prime Computer Inc to $412.5m in senior debt financing for the $20-a-share offer, half the total senior debt financing required for the proposed acquisition, and the figure includes the $325m already reported (CI No 1,059): the bank also says it is confident, under current market conditions, that it can arrange a syndicate of other banks to provide the balance of senior debt financing needed for the bid.
CANADIAN IMPERIAL BANK OF COMMERCE UPPS COMMITMENT TO MAI BASIC FOUR BID FOR PRIME
