We advised the joint lead arrangers and bookrunners, initial lender and agent on the financing

Davis Polk advised the joint lead arrangers and bookrunners, initial lender and administrative agent and collateral agent in connection with a $2 billion senior secured first-lien term loan facility provided to X.AI LLC, wholly owned by X.AI Corp. The proceeds of the facility will be used for working capital and for other general corporate purposes.

xAI develops advanced artificial intelligence systems, including its flagship large language model Grok, with the goal of accelerating human scientific discovery and understanding the universe. In March 2025, xAI acquired the social media platform X (formerly known as Twitter) through the joint holding company X.AI Holdings Corp.

The Davis Polk finance team included partners James A. Florack and Sanders Witkow and associates Kendra L. Sandidge, Jonathan Morford and Alex Mahoney Brennan. Members of the Davis Polk team are based in the New York offices.

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