Zachary R. Frimet

Focuses on the representation of private credit providers in complex finance and restructuring transactions.
Zachary represents private credit funds, alternative lenders and other credit providers in complex finance transactions, including direct, club and syndicated financings, recurring revenue transactions, second-lien and subordinated loans and first-out/last-out unitranche facilities. He has significant experience with nontraditional equity investments for private credit investors, including debt-like preferred equity as third-party financing, equity co-investments, warrants and equity kickers.
Zachary has extensive experience representing senior, junior and subordinated credit investors in the negotiation of complex intercreditor arrangements, including intercreditor agreements, agreements among lenders and subordination agreements, and in connection with workouts, restructurings, bankruptcies and other special situations transactions, including DIP and exit financings, purchases and sales of distressed debt, deleveraging exchange transactions and bridge and rescue financings.
Experience
Recent Work
- $398 million equity investments in a music rights organization
- Over 60 hybrid and structured capital transactions since 2024
- $1.15 billion refinancing and $250 million preferred offering for a software firm
- Acquisition financing and equity investment for a subsurface contractor
- Shrieve Chemical credit facilities refinancing
- Gamut Capital financing for Airtron acquisition
- $60 million holdco PIK financing for an industrials company
- Gamut Capital $380 million Dex Imaging acquisition financing
- $550 million preferred equity financing for a consumer company
- Transocean $510 million revolving credit facility amendment and extension
- $1.2 billion refinancing and $320 million preferred offering for a software firm
- AlTi Global $150 million convertible preferred equity investment
- Kemmerer family sale of Jackson Hole Mountain Resort
- Bain Capital financing for 1440 Foods acquisition
- H.I.G. Capital financing for Mainline Information Systems acquisition
- Gemspring Capital financing for Midland Industries acquisition
News
Recognition
Best Lawyers – “Ones to Watch,” Corporate Law, 2024-2026
Best Lawyers – “Ones to Watch,” Banking and Finance Law, 2026
Best Lawyers – “Ones to Watch,” Bankruptcy & Creditor Debtor Rights, 2026
Private Debt Investor – “Rising Star,” 2024
Education
- Staff Member, Fordham Journal of Corporate & Financial Law
Qualifications and admissions
- State of Florida
- State of New Jersey
- State of New York