Kirkland Advises Ares on Investment in $500 Million Financing Round for X-Energy
Kirkland & Ellis represented affiliates of Ares Management Corporation in connection with an approximately $500 million Series C-1 financing round for X-Energy Reactor Company, LLC, a nuclear reactor and fuel technology developer. The financing round was anchored by Amazon.com, Inc. and included Citadel Founder and CEO Ken Griffin, affiliates of Ares, NGP and the University of Michigan. The investment will help meet growing energy demands by funding the completion of X-energy's reactor design and licensing as well as the first phase of its TRISO-X fuel fabrication facility in Oak Ridge, Tennessee. Additionally, the funding will support future carbon-free projects that will use X-energy’s Xe-100 advanced small modular nuclear reactors.
The Kirkland team included corporate lawyers Monica Shilling, Dov Kogen and Allison Azarloza and capital markets lawyers Pippa Bond and Tommy Felix.
