Richard S. Perelman

Partner

Philadelphia

Tel 215.864.8118
Fax 215.864.8999

Richard S. Perelman concentrates on representing financial institutions and borrowers in a wide variety of financing transactions, including secured and unsecured revolving credit facilities, term loans, asset-based loans, acquisition financing, and second-lien and mezzanine loans, including special purpose joint venture financing.

Rich also has extensive experience representing financial institutions in debt restructurings, workouts, and bankruptcy, as well as purchasers of assets from companies in bankruptcy. He has been active in counseling parties about uniform commercial code and potential creditors' rights/bankruptcy implications in lending, mergers and acquisitions, and other transactions. He is also active in the bankruptcy/Uniform Commercial Code aspects of securitization transactions and is a member of the firm's Opinion Committee, focusing on lending, UCC, and creditors' rights issues.

Services

Experience

Representative Matters

Lender Side-Agent

Represented Administrative Agent in connection with a $500 million Delayed Draw Term Loan to a processed food and snack company
Represented Administrative Agent in $500 million multi-currency Credit Facility to manufacturing company involving United States and Japanese Borrowers
Represented Administrative Agent in $500 million Credit Facility to a technology company secured by all personal property of the Loan Parties, including foreign stock pledges
Represented Administrative Agent in $500 million Delayed Draw Term Loan Facility to public consumer goods company
Represented Administrative Agent in various facilities to public utility companies in aggregate amount in excess of $2.5 billion

Represented Administrative Agent in $82 million Credit Facility to finance acquisition of portfolio company secured by all assets
Represented Administrative Agent in $46 million Credit Facility to finance acquisition of portfolio company secured by all assets
Represented Administrative Agent in $125 million Credit Facility to an intellectual property provider involving Borrowers and security located in the United States, Ireland and England and Wales
Represented Administrative Agent in $1 billion multi-currency Credit Facility to a manufacturing company involving United States, Dutch, and English borrowers
Represented Administrative Agent in $275 million Credit Facility to service company secured by all personal property
Represented Administrative Agent in $225 million Credit Facility to portfolio of affiliated operating companies secured by all assets

Lender Side – Bilateral Credit Facility

Represented Administrative Agent in $875 million Revolving Credit Facility to public global software development company
Represented Administrative Agent in $200 million credit facility secured by, among other things, fifteen plus Mortgages and Leasehold Mortgages
Represented lender in $75 million facility to broker/dealer requiring approval of FINRA
Represented lender in $10 million term loan secured by mortgages in several states
Represented lender in $35 million Credit Facility to law firm and separate $4 million equipment finance facility
Represented lender in $250 million discretionary line of credit to public consumer goods company
Represented lender in $50 million Credit Facility to service provider.
Represented lender in $39 million Credit Facility to healthcare provider
Represented lender in $8 million equipment finance facility to manufacturer
Represented lender in $14 million Credit Facility for the acquisition of a portfolio company involved in critical cleaning innovation
Represented lender in three related Credit Facilities aggregating $27 million to separate Funds of the same Sponsor to support acquisitions by the Funds

Borrower Side

Represented public home builder in $1.7 billion revolving credit facility and separate $800 million term loan facility
Represented public technology company in $75 million Credit Facility
Represented private manufacturing company in $30 million Credit Facility, involving borrowers in several different countries

Professional Highlights

Professional Activities

Pennsylvania Bar Association

New York State Bar Association

Recognition & Accomplishments

Chambers USA, banking and finance law, (Pennsylvania) 2007-2023

The Best Lawyers in America, Banking and Finance Law, Equipment Finance Law, 2007-2024; "Lawyers of the Year," Equipment Finance Law, 2024 (Philadelphia)

Related Insights

Credentials

Education

University of Pennsylvania Law School (J.D. 1984, magna cum laude; top 5% of class)
Member, University of Pennsylvania Law Review; Member, Order of the Coif

University of Pennsylvania, The Wharton School (M.B.A. 1984, with distinction; top 5% of class)

University of Pennsylvania (B.S. 1979, magna cum laude)

Admissions

New York

Pennsylvania