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Overview

Eirik Tellefsen works to understand the underlying objective of every finance and strategic transaction he advises on, and partners with clients to structure and optimize deals with those objectives in mind. He is equally at home representing lenders and borrowers in finance agreements, and he has earned a strong reputation among financial institutions for his skillful handling of commercial loan transactions, including syndicated credit facilities and asset-based loans.

Finance Transactions

Eirik represents public and private companies in finance agreements that advance their business goals, with particular experience in middle market loans. He helps clients structure and negotiate all aspects of financing transactions, including senior secured financing, second-lien financing and mezzanine financing. Eirik also has experience with intercreditor issues and negotiating intercreditor and subordination agreements.

Representative Experience

Representation of Lenders

  • Represented the administrative agent in a $1.6 billion senior secured credit facility for a medical device company
  • Represented the administrative agent in a $200 million multi-currency, multi-jurisdiction senior secured credit facility for a communication engineering company
  • Represented the administrative agent in senior secured acquisition financing for private equity transactions, including platform acquisitions, add-on acquisitions and dividend recapitalizations
  • Represented mezzanine lenders in secured and unsecured credit facilities and related warrants and equity investments

Representation of Borrowers

  • Represented the purchaser/borrower in the acquisition of a UK-based beverage company and related amendment to an asset-based credit facility
  • Represented the company/borrower in a corporate restructuring and related amendment to a multi-jurisdiction asset-based credit facility
  • Represented the issuer, a food distributor, in the private placement of $1 billion of debt instruments
  • Represented the issuer, a health industry material provider, in the private placement of approximately $100 million of notes denominated in multiple currencies

Mergers and Acquisitions, and Other Financing

  • Represented a sponsor in an energy efficiency loan warehouse facility in preparation for a future securitization
  • Represented the seller, a rail terminal developer/operator, in the disposition of rail terminals with a sale price of $500 million
  • Represented the issuer, an insurance company, in repurchasing and unwinding its auction-rate securities

Credentials

Bar Admissions

Pennsylvania

Education

University of Pennsylvania Law School
J.D. cum laude (2006)

University of Pennsylvania
B.S. cum laude (2004)

Experience

Experience

Cott Corporation Transforms Business With $775M Purchase of Primo Water

Experience

Cott Corporation Advances Strategy With Sale of S&D Coffee and Tea

Experience

Bank Arranges Senior Secured Credit Facility Transaction

Experience

Secured Credit Facility for Nursing Care Facilities

Experience

Penske Truck Leasing Completes Senior Notes Offering

Experience

Penske Truck Leasing Completes Senior Notes Offering

Experience

Men's Accessories Company Acquires Texas Clothing Holding Corporation

Experience

Health Care Product Designer and Manufacturer Reprices Private Placement Notes

Experience

Communications Provider Acquires Private-Equity Backed Cybersecurity Technology Company

Experience

Penske Truck Leasing Completes Senior Notes Offering

Experience

Quaker Chemical Corporation Enters Into New $1.15B Credit Agreement

Experience

Enstar Group Limited Secures $170M Credit Facility for Wholly Owned Subsidiary

Experience

Enstar Group Limited Enters Senior Unsecured Term Loan Credit Agreement

Experience

$32.5M in Senior Secured Financing for Private Equity Acquisition

Experience

Lending Institution Serves as Non-Agent Lender in Syndicated Credit Facility

Experience

DS Services of America Acquires Mountain Valley Spring Company

Experience

Commercial Restaurant Wholesaler, Affiliates Obtain New Markets Tax Credit Financing

Experience

Enstar Group Enters Senior Unsecured Revolving Credit Agreement

Experience

Penske Truck Leasing Completes Senior Notes Offering

Experience

Cott Corporation Sells Beverage Manufacturing Business to International Buyer for $1.25B

Experience

Cott Corporation Amends and Extends $250M Credit Facility

Experience

Agent Bank Amends Senior Secured Credit Facility

Experience

Penske Truck Leasing Completes Senior Notes Offering

Experience

Client Acquires Graphic Design and Printing Company

Experience

Trust Company Serves as Collateral Agent in Financing of Road Operator

Experience

Bank Arranges Senior Secured Loan to Finance Nursing Care Facility

Experience

Bank Acts as Agent in Amending and Restating Credit Agreement

Experience

Primo Water Corporation Amends and Extends $500M Credit Facility

Experience

Private Bank Arranges Senior Secured Loan to Computing Companies

Experience

Primo Water Corporation Acquires Aquaterra

Experience

Medical Device Company Secures $1.6 Billion Senior Secured Credit Facility

Experience

Communication Engineering Company Secures $200 Million Senior Secured Credit Facility

Experience

Administrative Agent Seeks Finance Counsel on Acquisitions and Recapitalizations

Experience

Mezzanine Lenders Seek Counsel on Credit Facility and Equity Investment Issues

Experience

Borrower Seeks Funding for Acquisition of Beverage Company

Experience

Amendment to Credit Facility Included in Corporate Restructuring Plan

Experience

Food Distributor Issues $1 Billion of Debt Instruments

Experience

Health Industry Material Provider Issues Private Placement of Millions of Notes

Experience

Sponsor Prepares for Future Securitization With Energy Efficiency Loan

Experience

Rail Terminals Sell for $500 Million in Strategic Disposition

Experience

Insurance Company Seeks to Repurchase its Auction-Rate Securities

Experience

Penske Truck Leasing Completes Senior Notes Offering

Insights & Events

Leadership & Community

Firm Leadership

  • Drinker Biddle & Reath LLP — Past Chair, Corporate Training Program; Public Interest Committee

Honors

  • Chambers USA — Pennsylvania: Philadelphia & Surrounds, Banking & Finance, 2019-26
  • Philadelphia Business Journal —  25 Young Lawyers on the Rise, 2017
Awards Methodology
No aspect of these recognitions has been approved by the highest court of any state.