Today’s News

    Purdue Pharma Files Chapter 11 to Settle Litigation

    Purdue Pharma has reached an agreement in principle on a framework for settling the U.S. opioid litigation facing the company and will file Chapter 11 to implement it.

    Wells Fargo Launches Commercial Banking Structure in Nevada

    Stuart Brady, Vincent Ciminise and Ivan Ferraz will lead Wells Fargo’s newly integrated Commercial Banking operations in Nevada.

    Maher Joins Sidley Investment Funds Practice

    Mateja Maher has joined Sidley as a partner in its Investment Funds practice and is based in Sidley’s London office.

    SunTrust Agents $290MM Facility for Apollo Medical

    Apollo Medical Holdings closed a new $290 million credit facility consisting of a $190 million senior secured term loan and a $100 million revolving credit facility.

    Labor and Employment Partner Joins King & Spalding

    Ed Holzwanger has joined King & Spalding as a partner in the firm’s Labor and Employment team in the Washington, D.C. office.

    Utica Leaseco Completes Five Deals Topping $10MM

    Utica Leaseco and Utica Equipment Finance completed five transactions totaling more than $10 million during the second week of September.

    Crescent Supports LDC Acquisition of SRL Traffic with Unitranch

    Crescent Capital Group has provided unitranche financing and an equity co-investment to support the acquisition of SRL Traffic Systems by LDC.

    Sallyport Commercial Provides $1MM A/R Facility to Delivery Company

    Sallyport Commercial Finance supplied a $1 million accounts receivable facility and small cash flow loan to a company that provides customized delivery solutions for retail companies.

    North Mill Provides $8.5MM Facility to Aerospace Manufacturing

    North Mill Capital provided a $7 million ABL revolver and a $1.575 million equipment term loan to an Aerospace Manufacturing Group.

    Piper Jaffray Elects Holt to Board of Directors

    Piper Jaffray added Victoria M. Holt to its board of directors.