Kirkland Represents Blackstone on AI Infrastructure Company Firmus’ US$10 Billion Debt Financing Facility

Kirkland & Ellis advised Blackstone on AI infrastructure company Firmus’ US$10 billion debt financing facility, led by funds managed by Blackstone Tactical Opportunities, Blackstone Credit & Insurance, and affiliated funds, with participation from Coatue. The financing will support the next phase of Project Southgate, enabling the national rollout of Firmus’ AI Factory platform based on NVIDIA’s DSX reference architecture to meet accelerating global demand for high-performance compute. The transaction was announced February 9, 2026.

Read the transaction press release

The Kirkland team included structured finance lawyers Thomas Prommer, Michael Urschel, Aaqib Mahmood, Suril Patel, Emma Tall and Wilson Carneiro; debt finance lawyers Michelle Williamson, Patrick Loughery, Charlie Doyle, Jacob Sims, Katie Schneller and Heidi Yin; corporate lawyers Kemal Hawa, Darren Fernandez, Anu Reddy, Brendan Civitello, Jonathan Laifman, Joseph Kunnirickal, Josh Pincus and Josh Stout; tax lawyers Jon Nelsen and Claire Oxford; litigation lawyers Cori Lable and Weng Keong Kok; investment funds ERISA lawyer Jack Bernstein; and investment funds lawyer Joseph Lifsics.