Eliot L. Relles focuses his practice on commercial and corporate finance transactions and, primarily, the representation of hedge funds, private equity funds, commercial finance companies and investment banks in domestic and cross-border secured and unsecured finance transactions, including asset-based and cash flow financings, acquisition and leveraged buyout financings, subordinated and mezzanine financings, first-out/last-out, second lien and tranche B financings, and debtor-in-possession and exit financings. He also counsels clients in debt restructuring and general corporate finance matters.

Eliot obtained his B.A. from the University of Michigan in 1991 and his J.D. from Hofstra University School of Law, where he was associate editor of the Hofstra University Law Review, in 1994. Additionally, Eliot was selected for inclusion in the list of New York Super Lawyers for 2007, 2008, 2009, 2010 and 2011.


Represent a commercial finance company and other lenders in connection with a senior secured credit facility to facilitate the acquisition of and provide working capital funding to one of the leading United States retailers (with over 600 stores across the country) of personalized gifts and engraved gifts.

Represent a hedge fund as borrower under a $500-million credit facility secured by the fund’s direct investments, its indirect equity interests in other hedge funds and the securities held in its prime brokerage accounts.

Represent certain hedge funds in the provision of secured loans to and a preferred equity investment in a newly formed joint venture company, the proceeds of which will be used to fund the construction of five double-hulled deep-water tankers for use in the U.S. energy market.

Represent a commercial finance company in the provision of second lien secured loans to finance the acquisition of a leading supplier of electrical power systems for the office furniture, appliance and transportation industries.

Represent a commercial finance company in financing the recapitalization of an independent sports production, program development, marketing services and sales representation company.

Represent certain hedge funds and other lenders in the provision of secured loans to finance the acquisition of a Vancouver-based casino and its exit from reorganization proceedings in British Columbia, Canada.

Represent a German bank in the provision of bridge loans to finance an investor’s acquisition of equity interests in a Spanish real estate development project, which loans are secured by certain Spanish real property owned by the investor.

Represent a domestic finance company, as borrower, in a $1.625-billion syndicated secured credit facility wrapped by a surety bond, a $500-million medium-term note conduit facility wrapped by a surety bond, and a $200-million junior secured credit facility provided by certain foreign banks, the proceeds of which are used to fund the finance company’s origination and purchase of loans made to and debt securities issued by third-party domestic and foreign borrowers.

Speaking Engagements

“Private Credit Loan Structures,” Natixis Middle Market Lending/CLO Forum, New York, October 2017

“Financing for Funds and Managers,” SRZ 26th Annual Private Investment Funds Seminar, New York, January 2017

“Private Funds: The New Banks,” SRZ 25th Annual Private Investment Funds Seminar, New York, January 2016

“Distressed Retail: Challenges and Opportunities,” SRZ 4th Annual Distressed Investing Conference, New York, November 2015

“The Comeback of the Dividend Recap,” DealFlow Media Distressed Debt Conference, New York, October 2011


  • New York Super Lawyers

Prior Experience

  • Associate, Hawkins Delafield & Wood, New York, NY, 1994-1996