Davis Polk today announced that Nicholas Palumbo, a leading private credit and direct lending finance lawyer, has joined the firm as a partner in the Finance Group in New York.
Mr. Palumbo joins Davis Polk from White & Case LLP, where he led the firm’s Americas Private Credit & Direct Lending practice. He has extensive experience in structuring and negotiating direct lending and private credit transactions, including senior stretch and unitranche facilities, secured and unsecured syndicated loans, second lien and recurring revenue transactions, asset-based credit facilities, subscription line credit facilities, subordinated loans and mezzanine financings.
"We are thrilled to welcome Nick to Davis Polk," said Neil Barr, Davis Polk’s Managing Partner. "Direct lending has become a key source of financing for many transactions. With Nick on board, we further solidify our position as the leading firm for complex financings. We are uniquely positioned to guide clients on the full spectrum of deal structures, including single source and clubbed direct lending transactions, distressed investment and restructuring, leveraged and large cap syndicated financings, and capital markets and derivatives transactions."
"Nick has established a market-leading direct lending practice and has an unmatched reputation for his sophisticated understanding of the private credit world and his ability to find creative, commercial solutions," said Jason Kyrwood, Co-Head of Davis Polk’s Finance Group. "Direct lending has experienced explosive growth over the past several years, and Nick brings exceptional market knowledge and experience that will anchor our private credit practice going forward. He is an outstanding addition to our team."
"We could not be more enthusiastic about Nick’s arrival and what it means for the continued growth of the Davis Polk finance practice," added Jim Florack, Co-Head of Davis Polk’s Finance Group. "Davis Polk is a true one-stop shop for complex financing transactions of all types, and we are particularly well positioned as financing models continue to evolve."
Nick Palumbo said, "Davis Polk’s finance lawyers are phenomenal across the board. I am excited to join the team and look forward to collaborating with my new colleagues as the firm continues to bolster its investment in the critical direct lending space."
Mr. Palumbo received his J.D. from Brooklyn Law School in 2004 and B.S. from New York University’s Leonard N. Stern School of Business in 1999.
About Davis Polk.
Davis Polk & Wardwell LLP (including its associated entities) is an elite global law firm with world-class practices across the board. Clients know they can rely on Davis Polk for their most challenging legal and business matters. Our approximately 1,000 lawyers located in 10 offices in the world’s key financial centers and political capitals collaborate seamlessly to deliver exceptional service, sophisticated advice and creative, practical solutions. Visit davispolk.com.
About Davis Polk’s Finance Group.
Davis Polk is a leader in finance-related advice, delivering customized, innovative counsel on the world’s most important and complex financing transactions. Clients including financial institutions, direct lenders and corporate borrowers count on our deep legal experience and savvy commercial understanding of global financial markets in transactions including leveraged and investment-grade acquisition financing, direct lending, fund finance, bridge loans, structured finance, asset-based lending, project and infrastructure finance, and debtor-in-possession and exit financings. No law firm has a better reputation for excellence across the many types of direct and syndicated finance transactions that are of crucial importance to borrowers and lenders.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210127005854/en/
Director of PR & Communications