On December 23, 2004, Shred-it International Inc. completed two new credit facilities: a senior syndicated secured facility led by CIBC and a subordinated syndicated facility led by CIBC Capital Partners. Proceeds of the loans were used to repay existing credit facilities and are also available to finance the continuing growth of Shred-it. The amount of the transaction is undisclosed.
Shred-it is a leading mobile shredding and recycling companies with operations across Canada, the US, the UK, France and Germany.

CIBC Capital Partners was represented by Davies Ward Phillips & Vineberg LLP with a team that included Scott Hyman, Mitchell Finkelstein and Brian Calalang.