Canadian Imperial Bank of Commerce (CIBC) has added a C$200 million ($197 million) revolving auto dealer floorplan facility to its SAFE Canadian ABCP.

Moody's Investors Service, which rated the bank 'Aa2'/'Prime-1'/'B-', said in a press release that the facility is secured by a revolving pool of dealer floorplan loans originated by an investment-grade rated Canadian auto finance company. The deal is structured as a one-year revolving facility.

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