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 highlights
Recent Representations
- Gemspring Capital financing for Midland Industries acquisition
- Francisco Partners financing for Accela investment
- Valaris $400 million senior secured second-lien notes offering
- Symphony Technology Group acquisition financing for Wrike
- Operative credit facilities
- Valaris $375 million senior secured revolving credit facility
- Valaris $700 million senior secured second-lien notes offering
- Nautilus Power refinancing and amendment to credit facilities
- $635 million Whitcraft and Paradigm Precision acquisition financing
- Blackstone and CPPIB $1.96 billion Advarra acquisition financing
- Transocean amendment and extension of revolving credit facility
- Kaseya $4.7 billion Datto acquisition financing
- Greencross Vets $1.1 billion dividend recapitalization
Credentials
Recognition
Best Lawyers: Ones to Watch – Corporate Law, 2024
Education
- Staff Member, Fordham Journal of Corporate & Financial Law
Professional history
- Counsel, 2023-present
- Davis Polk since 2022
Qualifications and admissions
- State of Florida
- State of New Jersey
- State of New York