Royal Bank of Canada (RBC) and Canadian Imperial Bank of Commerce (CIBC) joined a syndicate of banks helping to finance Elon Musk’s $44 billion acquisition of Twitter. These two Canadian banks were among a group of global financial institutions that contributed to the debt package backing Musk’s leveraged buyout of the social media platform.

The overall financing for the deal included approximately $13 billion in debt, with major contributions from banks such as Morgan Stanley, Bank of America, Barclays, and others. RBC and CIBC's involvement signaled the significant international reach of the transaction and underscored their confidence in the financing structure, despite the high-profile and controversial nature of the takeover.

This participation was part of a broader trend where Canadian banks played more visible roles in large-scale U.S. tech and media transactions. Specific financial and legal terms of their contributions were not publicly detailed, and their exact exposure within the syndicate remains confidential.