Kirkland & Ellis Advised Blue Owl On A $15 Billion AI Sata Center Development Joint Venture

Kirkland & Ellis advised Blue Owl on a $15 billion AI data center development joint venture

Kirkland & Ellis has advised Blue Owl on the closing of the second phase of a $15 billion joint venture with Crusoe Energy Systems to fund the development of a 1.2-gigawatt AI data center campus in Abilene, Texas. The development will include eight buildings with a total of 32 data halls, along with 300 MW of on-site power generation. The campus is 100% long-term leased to a Fortune 100 hyperscaler tenant and financed through construction loans arranged by JPMorgan Chase.

The Kirkland & Ellis team advising Blue Owl on the transaction included David A. Rosenberg, P.C. (Partner, Chicago), Andrew R. Van Noord, P.C. (Partner, Dallas), Kimberly L. McGrath, P.C. (Partner, Chicago), Tam T. Ho (Partner, New York), Sarkis Haroutunian (Partner, Los Angeles – Century City), Kevin C. Donahue (Partner, New York), David J. Arbus (Partner, Washington, D.C.), Robin W. Basu (Partner, Chicago), Samantha A. Hemmer (Associate, Chicago), Kate Plonsker (Associate, Chicago), Hayden Steves (Associate, Dallas), and Michael Pattis (Associate, Chicago).

The debt finance aspects were handled by Roald Nashi, P.C. (Partner, Washington, D.C./Houston) and Linda Zang (Partner, New York). Real assets matters were advised on by Patrick E. Corrigan (Partner, Houston), Ahmed N. Alrikhaimi (Partner, Houston), and Ryan Chastain (Associate, Houston).

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