Drew S. McGehrin practices in the areas of commercial finance, financial restructuring and bankruptcy, and is a member of the Firm’s Banking and Finance Industry Group.
Mr. McGehrin represents institutional lenders, commercial banks and borrowers in various financial transactions, including secured and asset-based lending, real estate mortgage loans and cross-border financings, as well as complex commercial reorganizations and out-of-court workouts.
Mr. McGehrin also counsels debtors, insurance companies, trustees, creditors’ committees and other clients in all aspects of federal bankruptcy proceedings, and represents their interests in proceedings pending throughout the United States.
He is listed as an “Associate to Watch” by Chambers USA in the areas of bankruptcy and restructuring and has been named in Best Lawyers: Ones to Watch in the areas of Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law, a recognition given to attorneys who are earlier in their careers for outstanding professional excellence in private practice in the United States.
Mr. McGehrin serves as a representative on the Firm’s Associates Committee, a representative body that serves the collective voice of the Firm’s associates and that works closely with Firm management on issues of interest.
Mr. McGehrin maintains an active pro bono practice. Mr. McGehrin has advised various non-profit organizations in aspects of corporate formation and maintenance, has assisted consumers in obtaining relief under the Bankruptcy Code and also represents immigrants to the United States in federal immigration proceedings.
He is a 2016 cum laude graduate of Villanova University School of Law where he was an editor of the Villanova Environmental Law Journal, and a 2013 graduate, with honors, of the Schreyer Honors College at The Pennsylvania State University. Mr. McGehrin is admitted to practice in Delaware, Pennsylvania and New Jersey.
Representative Matters
Successfully represented secured lender in commercial real estate mezzanine loan foreclosure by enforcing lender’s security interest and conducting UCC sale of limited liability company interests valued at over $10 million.
Acted as borrower’s counsel for client in obtaining of $15 million secured credit facility. Maintained primary responsibility for the negotiation, drafting and finalizing of all relevant loan and security documents and was the main point of contact for developing and executing on strategic decisions for the client team.
Represented Panhandle Oilfield Services, Inc., as lead counsel in refinancing their existing debt and securing additional capital to fund working capital and growth initiatives through senior and mezzanine debt and collateral documents.
Counsel to Red Lion Hotel Corporation (RLH: NYSE) and nine of its subsidiaries in obtaining $40 million in senior secured credit for the purchase of additional hotel assets and working capital.
U.S. Counsel to Canadian lender in connection with documentation of $1.08 billion in secured credit facilities
Counsel to lender in connection with of $14.1 Million secured loan financing a polo and equestrian facility.
Regularly prepare legal opinions under Delaware law, including corporate, insolvency and alternative-entity law.
Counsel to Debtor in In re Presperse Corporation, In re Senior Choice Inc., and In re Miku Inc.
Counsel to insurers in In re iHeartMedia, Inc., In re Westmoreland Coal Co., In re Burkhalter Rigging, Inc., In re Exco Resources, Inc., In re Parker Drilling Company, Inc., In re Toys "R" Us, Inc., In re Diesel USA, Inc., In re The Rockport Co., LLC, In re Marsh Supermarkets Holding, LLC, In re PGHC Holdings, Inc., In re Terravia Holdings, Inc., In re Aerogroup International, Inc., In re Limited Stores Co., LLC, In re American Apparel, LLC, In re Southeastern Grocers, LLC (Winn-Dixie), In re Tops Holding Co. LLC, In re Specialty Retail Shops Holding Corp., In re Sedgwick LLP, In re BCBG Max Azria Global Holdings, LLC, In re Verity Health System of California, Inc., In re Bestwall, LLC, In re ITT Educational Services, Inc. In re Aearo Technologies, LLC, In re CEC Entertainment, Inc., In re Madison Square Boys & Girls Club, Inc., In re Revlon, Inc., In re Surgalign Holdings, Inc., In re Vesta Holdings, LLC, In re Sungard AS New Holdings, LLC, In re Grupo Aeroméxico, S.A.B. de C.V., In re LATAM Airlines Group S.A.
Co-counsel official committee of unsecured creditors in chapter 11 reorganization of international metals company - In re Real Industry, Inc.
Successfully represented mother and son from Honduras in seeking, and finally obtaining a grant of asylum in the United States.
Represented military veteran in obtaining relief under the chapter 7 of the United States Bankruptcy Code.
Finance and Transactional Matters
Bankruptcy
Pro Bono
Admissions
- Pennsylvania
- New Jersey
- Delaware
- U.S. District Court for the District of Delaware
- U.S. District Court for the Eastern District of Pennsylvania
Education
- Villanova University Charles Widger School of Law, J.D., cum laude, 2016
- Managing Editor of Student Works, Villanova Environmental Law Journal - The Pennsylvania State University, The Schreyer Honors College, B.A., with honors, 2013
Experience
- Duane Morris LLP
- Associate, 2016-present
Honors and Awards
- Named to Best Lawyers "Ones to Watch," 2022-2024
Listed in Chambers USA: America's Leading Lawyers for Business, 2021-2024
No aspect of these rankings has been approved by the Supreme Court of New Jersey. Further information on methodologies is available via these links.
Civic and Charitable Activities
- Volunteer, Philadelphia Reads Program
Selected Publications
- Co-author, "Third Circuit Appeals Court: Solvent Debtors Are Responsible for Contract Rate Interest and Make-Whole Fees," Duane Morris Alert, September 25, 2024
- Co-author, "Supreme Court Clarifies Scope of Nondischargeable Debt in Favor of Victims of Fraud," Duane Morris Alert, February 27, 2023, Republished in The Banking Law Journal June 2023 Issue
- Co-author, "Avoidance Powers Cannot Be Used to Generate Windfalls For Debtors," The Legal Intelligencer, October 7, 2021
- Co-author, "Court Opens Door for Widespread Eligibility Under Subchapter V of Bankruptcy Code," The Legal Intelligencer, November 12, 2020
- Co-author, "Parent of Secured Creditor Does Not Automatically Gain Secured Status," The Legal Intelligencer, March 30, 2020
Co-author, "Debtors May Be Able to Discharge Debts Incurred Through Willful, Malicious Injury," The Legal Intelligencer, August 15, 2019
Co-author, "Bankruptcy Court Trustee Permitted to Step Into Shoes of IRS to Recover Transfer," The Legal Intelligencer, February 14, 2019
Co-author, "Court: New Value Need Not Remain Unpaid to Limit Preference Liability," The Legal Intelligencer, October 4, 2018
Co-author, "Second Circuit Court Declines to Enforce Arbitration Clause," The Legal Intelligencer, April 2, 2018
Co-author, "Supreme Court Limits Safe Harbor; May Increase Challenges to LBOs in Chapter 11," Duane Morris Alert, March 5, 2018
- Co-author, "Second Circuit Permits Market Interest Rates in Cramdown Plans," Duane Morris Alert, November 9, 2017
- Co-author, "Best Practices for Suppliers and Creditors in a Transformative Retail Environment," Duane Morris Alert, May 9, 2017
- Co-author, "Structured Dismissals in Deviation of Bankruptcy Code Priority Scheme," The Legal Intelligencer, April 4, 2017
- Quoted in "Third Circuit Reverses; Make-Whole Payment Enforced in EFH Bankruptcy," Turnarounds and Workouts, Vol. 31, No. 1, January 2017
Co-author, "Third Circuit Requires 'Make-Whole' Payments For Accelerated Bankruptcy Notes," The Legal Intelligencer, December 30, 2016
- Author, "Raisin' Contentions: A Farmer's Grapes of Wrath and the Ninth Circuit's Questionable Takings Analysis in Horne v. U.S. Dept. of Agriculture," Villanova Environmental Law Journal, Vol. 24 Issue 2, 2015