The senior secured notes are due 2030

Davis Polk advised the placement agents in connection with the private placement of $3 billion aggregate principal amount of 12.50% senior secured notes due 2030 of X.AI LLC and X.AI Co Issuer Corp.

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 capital markets team included partner Alan F. Denenberg and associates Paula Gergen and Ashley Jaworoski. Counsel Liang Zhang and associates Omar Hersi and Isaiah B. Kramer provided tax advice. Members of the Davis Polk team are based in the Northern California and New York offices.

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