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Zachary Finley

Partner

San Francisco

Zach Finley, leader of Orrick’s global Banking & Finance group, advises clients on a wide range of debt financing transactions across multiple industries.

He advises publicly held and privately owned (including sponsor-backed) companies, financial institutions, credit funds and other alternative lenders in connection with broadly syndicated loans, pro rata (bank-only) credit facilities and a wide variety of private credit transactions (including senior secured, junior lien, senior subordinated and mezzanine loans). His experience also extends to asset-based loans, project financings, debt restructurings and workouts. In addition, Zach regularly represents technology companies on various types of growth capital financings used to rapidly expand their businesses and to deploy new and market-disrupting products and services.

Zach has a particular passion for the digital infrastructure sector, stemming from his extensive experience representing data center operators, service providers, lenders and investors in the space. As one of the leaders of Orrick’s multidisciplinary data center practice, he is well-versed in traditional and increasingly bespoke financing structures to address the unique needs and challenges of clients in this ever-evolving industry.

In the 2024 California Banking & Finance category of Chambers USA, clients praise Zach as “a very knowledgeable attorney with incredibly deep expertise in the area” and describe him as “always responsive and has a strong depth of technical knowledge.” He is also recognized by IFLR1000, where clients note that Zach “is an outstanding business partner” and “his strengths are his creativity, accessibility, diligence and his ability to bring all of Orrick's resources to bear.”

Zach previously served a three-year term on the Commercial Transactions Committee (formerly called the Uniform Commercial Code Committee) of the Business Law Section of the State Bar of California, acting as its Co-Chair for the final year of his term.

  • Borrower Representations:

    Some of Zach’s significant borrower-side engagements include representing:

    • One of the world’s largest data center companies for the past 20 years on its corporate credit facilities and, more recently, on numerous financings for its joint ventures with financial sponsors, which exceed the local currencies’ equivalent of nearly $4 billion, to develop its hyperscale data center platform across Europe, Asia-Pacific and the Americas
    • A private equity sponsor and its portfolio companies on over $1.0 billion of financings for new platform acquisitions and subsequent add-ons
    • A top-20 insurance brokerage firm on several billion dollars of financings for leveraged recapitalizations and acquisitions.
    • Wind Creek Hospitality in connection with its $1.3 billion term loan B to finance its acquisition from Las Vegas Sands of the Sands Casino Resort in Bethlehem, Pennsylvania
    • Aria Energy, an owner and operator of a portfolio of landfill gas-to-energy projects, in connection with its $200.0 million term loan B facility
    • The management group of Perfect World, a NASDAQ-listed publisher of online gaming titles, in connection with a $900.0 million bridge loan to finance the take-private acquisition of the company
    • Applied Materials in connection with its $2.0 billion term loan facility to finance its acquisition of Kokusai Electric

    Lead Arranger and Lender Representations:

    Some of Zach’s significant lead arranger and lender engagements include representing:

    • The lead arranger for $410.0 million of secured revolving and term loan credit facilities provided to an electronics manufacturing company to fund working capital and strategic acquisitions
    • The Japan-based subordinated second lien lenders on a $3.4 billion sale-leaseback transaction for Sprint Corporation involving Sprint's network equipment assets
    • The lead arranger and administrative agent for a $171.0 million bridge loan facility provided to the Transbay Joint Powers Authority to finance construction costs for the new Transbay Transit Center in downtown San Francisco
    • The lead arranger and administrative agent for a $1.0 billion secured revolving credit facility provided to a natural resources company
    • The lead arranger and administrative agent for $400.0 million of first-lien and second-lien credit facilities provided to a leading sponsor portfolio company in the healthcare industry
    • The lead arranger and administrative agent for $600.0 million of secured revolving and term loan B credit facilities provided to a multi-property casino and hotel owner and operator
    • The lead arranger and administrative agent for $800.0 million of secured revolving and term loan B credit facilities provided to an owner and operator of gaming properties to refinance existing indebtedness and for ongoing working capital
    • One of the largest bank creditors in the $2.3 billion comprehensive debt restructuring for a Native American tribal gaming enterprise, which included the exchange of the borrower’s existing senior secured bank debt for new senior secured term loan A and term loan B loans
    • Leading global investment firm, as a senior secured lender, on a $130.0 million financing to an alternative asset management investment firm for its acquisition of a private equity investment firm
    • Leading global investment firm, as lender, on a $20.0 million second-lien term loan made to a provider of administrative and technology solutions to the financial industry
    • A strategic capital provider on a $30.0 million second-lien term loan to an ESOP-owned vehicle rental and sales company

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