Soluna Secures $100 Million Facility from Generate Capital to Expand Green Data Centers
Vinson & Elkins served as counsel to affiliates of Generate Capital, PBC in connection with their roles as sole lender, administrative agent and collateral agent, in the negotiation of a financing of up to $100,000,000 in connection with certain large-scale data center facilities located in Briscoe County and Willacy County, Texas, with Soluna DVSL ComputeCo, LLC, Soluna DVSL II ComputeCo, LLC, and Soluna KK I ComputeCo LLC acting as the borrowers.
The Vinson & Elkins team was led by partner Eamon Nolan and senior associate Rafael B. de Toledo, with assistance from associates Fon Kunanusorn, Dan Lee, and Peter Kim. Other key team members included partner Ben Heriaud, senior associate Elisie Lee, and associate Adrian Hernandez; counsels Scot Dixon and Ken Adler and associate Sarah Lengyel; counsel Noelle Alix; partners Wendy Salinas and David Peck and senior associate Lauren Nieman; partner Winston Skinner and associate Ryan Hoeffner; partners Steven Abramowitz and Jessica Peet and senior associate Katie Grissel; counsel Heather Reynolds Johnson, senior associate Nicole Waterstradt and associate Cassandra Zarate; partners Matthew Dobbins and Jennifer Cornejo and associate Alyssa Sieja; partner Sean Becker and senior associate Peter Goetschel; partners Joyce Adetutu and James Leader, counsel Brian Howard and associate Frankie Velez; counsel Rajesh Patel and senior associate Alexa Chally.
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