# Butterfield shareholders greenlight CIBC Caribbean deal - Jamaica Observer

> "Butterfield expects to raise up to approximately $700 million in the subordinated debt financing and has obtained underwriting commitments from two investment banks for up to such amount. The subordinated debt financing is expected to occur in the fourth quarter of 2026 or the first quarter of 2027, subject to market conditions," stated Butterfield’s proxy statement.

- Published: 2026-09-23T13:32:54.172Z
- Updated: 2026-09-23T13:32:54.172Z
- 1 source
- Topics: Economy, business and finance
- Involves: Bermuda, CIBC Investments (Cayman) Limited, The Bank of N T Butterfield & Son Limited

## How it developed

- 2026-09-23T13:32:54.172Z - Jamaica Observer: [Butterfield shareholders greenlight CIBC Caribbean deal - Jamaica Observer](https://www.jamaicaobserver.com/2026/09/23/butterfield-shareholders-greenlight-cibc-caribbean-deal/)

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