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
- $60 million holdco PIK financing for an industrials company
- $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
- H.I.G. Capital financing for Mainline Information Systems acquisition
- 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
News
Recognition
Private Debt Investor – “Rising Star,” 2024
Best Lawyers: Ones to Watch – Corporate Law, 2024, 2025
Education
- Staff Member, Fordham Journal of Corporate & Financial Law
Qualifications and admissions
- State of Florida
- State of New Jersey
- State of New York