CIBC Updates Indenture Agreements for Future Securities

Canadian Bank of Commerce (TSE:CM) has released an update.

The Canadian Imperial Bank of Commerce has amended its indenture agreements with The Bank of New York Mellon as trustee, via a Second Supplemental Indenture effective as of September 11, 2024. The changes to the indenture, originally dated September 14, 2010, will only be applicable to securities issued after the date of the new amendment and will not affect the rights of holders of previously issued securities. The agreement, governed by New York state law, reiterates the commitment of both parties to the adjusted terms.

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