Michael J. Pedrick

Partner

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