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Pedrick

Michael J. Pedrick

Partner

michael.pedrick@morganlewis.com

Philadelphia Phone +1.215.963.4808 Fax +1.215.963.5001

1701 Market St.//Philadelphia, PA 19103-2921//United States

Focusing primarily on finance, mergers and acquisitions, and corporate restructuring, Michael J. Pedrick represents borrowers in financing transactions and corporate clients in strategic acquisitions and internal restructuring. He handles a wide range of finance matters, including syndicated credits with institutional lenders, leveraged acquisition and asset-based financings, and senior and mezzanine venture financings. Michael counsels clients in the use of limited recourse and bankruptcy-remote financing vehicles. He also handles financing issues in restructurings, workouts, and bankruptcies.

Michael advises lenders in providing term and warehouse facilities and counsels institutional lenders in aircraft and equipment leasing fields. He handles structuring credits among nontraditional lenders in connection with strategic arrangements between the parties.

In his mergers and acquisitions practice, Michael focuses on acquisitions and dispositions of private companies. He has handled transactions ranging in value from $5 million to $925 million in the aerospace and defense, medical device, textile, and grocery industries, among others. He also has used Chapter 11 proceedings to accomplish acquisitions, and frequently represents non-US corporations in acquisitions and dispositions in the US.

Michael assists clients in internal restructurings, addressing both corporate organization and limitations of liability issues.

Michael has practiced law with Morgan Lewis since 1988.

selected representations

  • Assisted Walker & Dunlop, LLC, a significant nationwide mortgage loan originator, with the establishment of various warehousing and repo facilities
  • Assisted Walker & Dunlop, Inc. with the establishment of a Term Loan facility with Wells Fargo Bank
  • Assisted Linx Partners in the financing of the acquisition of Alternative Distribution Systems Logistics Company, Inc., and the financing of the acquisition of Reconstruction Experts, Inc.
  • Assisted Unitek Global Services in the establishment of a DIP Loan and Security Agreement with Wilmington Trust as Agent on behalf of various lenders, including its prior ABL and Term lenders, and with the establishment of exit facilities upon its Plan confirmation and exit from Bankruptcy
  • Assisted Harron Communications, L.P. and its subsidiaries with its Revolving Credit and Term Loan facility
  • Assisted DBi Services in the establishment of a Senior Credit facility with Manufacturers and Traders Trust Company and in conjunction with issuing senior subordinated notes to a variety of institutional investors
  • Assisted The Reinvestment Fund, a not-for-profit community development financial institution, with credit facilities from Bank of America, JPMorgan Chase, TD Bank and the Robert Wood Johnson Foundation
  • Assisted The Reinvestment Fund with the establishment of a CDFI Fund Bond Loan Agreement with a long-term debt facility established by the Treasury Department under the CDFI Fund
  • Assisted Fanatics, Inc. with a Term Loan and Revolving Credit facility and the amendment and restatement of such credit facility and the issuance of subordinated debt
  • Assisted RueLaLa, Inc. with the establishment of a Secured Term Loan and Revolving Credit facility
  • Assisted Western Institutional Review Board, Inc. and various subsidiaries with the amendment of its senior credit facility in connection with the acquisition of ePharma Solutions LLC
  • Assisted Creative Co-Op Inc. and its parent company, Regent Holding Company, LLC, a portfolio company of Eureka Capital, with the amendment of its existing credit facility to allow for the acquisition of Bloomingsville AV.
  • Assisted a multi-national corporate client in internal multiple restructurings and spin-offs of divisions

Awards and Affiliations

Ranked, Banking & Finance, Pennsylvania, Chambers USA (2018–2020)

Ranked, Banking & Finance, Philadelphia & Surrounds, Chambers USA (2019)

Ranked, Chambers USA: America's Leading Lawyers for Business (2006–2018)

Listed, Acritas Star Lawyer (2017)

President, British American Business Council of Greater Philadelphia (BABCPHL)

Admissions

  • New York
  • Pennsylvania

Education

  • University of Virginia, 1981, B.A.
  • University of Virginia School of Law, 1985, J.D.

Sectors

  • Banking

Services

  • Capital Markets and Public Companies
  • Mergers Acquisitions
  • Transactional Finance
  • Corporate Finance Investment Management

Regions

  • North America

Events

5/16/2019 - The Death of LIBOR Not SOFR Away... Are You Ready? Secured Overnight Financing Rate: The New Benchmark - Expectations & Implications

News

9/18/2017 - Morgan Lewis Partner Named President of British American Business Council of Greater Philadelphia

7/31/2017 - Morgan Lewis Advises TractManager in Acquisition of MedApproved

9/13/2016 - What Does ‘Brexit’ Mean For Philadelphia?, CBS Philly

8/5/2016 - Morgan Lewis Represents DBi Services in Partnership with Sterling Partners

7/26/2016 - Morgan Lewis Advises Globus Medical in Acquisition of Alphatec’s International Business

4/12/2016 - Morgan Lewis advises Tempur Sealy International on $1.1B New Credit Facilities

2/25/2016 - Morgan Lewis Represents RevZilla Motorsports, LLC in Strategic Alliance with Cycle Gear, Inc.

1/6/2016 - Morgan Lewis Advises JS Held LLC in Acquisition of Wakelee Associates

10/26/2015 - Morgan Lewis Advises Pep Boys in Its Sale to Bridgestone Retail Operations, LLC

4/7/2015 - Morgan Lewis Advises Lovell Minnick on Investment in J.S. Held

7/14/2014 - Morgan Lewis Advises Mylan in Connection with Its Acquisition of the non-U.S. Developed Markets Specialty and Branded Generics Business of Abbott Laboratories

1/30/2012 - Morgan Lewis Advises Pep Boys on $1B Sale to The Gores Group

2/9/2011 - Morgan Lewis Advises GSI in $277M Acquisition of Fanatics