Training Example: Vinson & Elkins LLP – Review the Data, Give Your Score & Compare to the Real AI Evaluation

A new era of data center infrastructure
[H1] Powering Progress
The accelerating adoption of AI is driving extraordinary demand for data center capacity and power, creating both opportunity and complexity for developers and investors alike.
Vinson & Elkins surveyed 200 senior infrastructure developers and private capital investors to capture perspectives on power availability, infrastructure constraints, financing dynamics, and the pace of AI-driven growth.
Get the Report

News | Media Coverage
[H1] Keith Fullenweider Appears on the New York Stock Exchange’s Inside the ICE House Podcast
Vinson & Elkins Chair Keith Fullenweider examines the forces reshaping business and finance, and why power and data have become engines of economic growth.
Learn More

News | Deals & Cases
[H1] Vinson & Elkins Represents Camino Natural Resources on Anadarko Basin Asset Sale to Diversified Energy
Our Firm represented Camino Natural Resources, LLC, a portfolio company of NGP Energy Capital, in its approximately $1.175 billion sale of upstream oil and gas assets located within the Anadarko Basin of Oklahoma to Diversified Energy Company (NYSE: DEC, LSE: DEC).
Read more

News | Firm News
[H1] Corporate Partner Will Myer Joins Vinson & Elkins’ Denver Office
Will Myer handles complex domestic and cross-border strategic transactions in a variety of industries, including entertainment, financial services, energy and technology.
Read More

News | Deals & Cases
[H1] Vinson & Elkins Advises Harvest Midstream on $1 Billion Senior Notes Offering
Our Firm advised Harvest Midstream I, L.P. in connection with its offering of $1,000,000,000 aggregate principal amount of 6.750% Senior Notes due 2034.
Read More

Prev Story
Next Story

[H3] Forward-Thinking Counsel
Demand for AI and data center infrastructure is accelerating, capital is moving quickly, and the question of power is becoming central to nearly every conversation. Our Powering Progress podcast series explores the legal and regulatory frameworks shaping the next generation of digital infrastructure.
More Podcast Episodes

[H2] A Team That Business Leaders Trust

Vinson & Elkins lawyers work across practices, offices, and continents, guiding business leaders through their most commercial opportunities and most complex challenges. Our clients turn to us for responsive service, practical advice, and tailored solutions centered on creating and protecting business value.

700+ Lawyers Across the World

242 Chambers Individual Lawyer Rankings in 2025

500+ Charitable and Arts Organizations Supported

20K Pro Bono Hours on Average Per Year

[H2] Global Reach, Lasting Relationships
Companies across the world count on Vinson & Elkins to serve as their legal adviser. Explore our capabilities to learn how we can serve as yours.
Explore Our Capabilities

Featured Deals & Cases

[H2] Vinson & Elkins Helps Fermi Secure Air Quality Permit for Texas Data Center
Deals & Cases

Vinson & Elkins advised Fermi Inc., which today announced that the Texas Commission on Environmental Quality has granted final approval …

More Deals & Cases

[H3] Values at Work
Our law firm is built on commitment — to our clients, our colleagues, and our communities. Get to know our firm and the culture that connects us.
Our Firm

[H3] Create Your Career
Together, we are advisers and advocates. Collaborators and strategists. Mentors, colleagues, and friends. Learn why Vinson & Elkins is the place to create your dynamic, fulfilling career.
Our Careers

Discover our latest:

Insights

News & Achievements

V&E

[H5] Insights
Events
Vinson & Elkins Sponsoring and Speaking at Kayo’s 2026 Energy & Infrastructure Summit
Vinson & Elkins is a Silver Level Sponsor of the Kayo Women’s 2026 Energy & Infrastructure Summit, taking place June …
June 23, 2026
June 23, 2026 • 1-minute read

View Event

Events
Vinson & Elkins Sponsoring and Speaking at the SEIA Finance, Tax, and Buyers Seminar
Vinson & Elkins is sponsoring the SEIA Finance, Tax, and Buyers Seminar, taking place June 23 – 24 in New …
June 23, 2026
June 23, 2026 • 1-minute read

View Event

Events
Vinson & Elkins Sponsoring and Speaking at the 42nd Annual TexFed Institute
Vinson & Elkins is sponsoring the 42nd Annual Texas Federal Tax Institute (TexFed) taking place June 3 – 5 in San Antonio, TX. …
June 3, 2026
June 3, 2026 • 1-minute read

View Event

Client Alerts
Colorado Retools Its Artificial Intelligence Law
Nearly two years after passing one of the nation’s first AI governance laws, Colorado is set to substantially revise the …
May 22, 2026
May 22, 2026 • 6-minute read

View Insight

Podcasts
Powering Progress Episode 5 – The Space Behind the Servers: Real Estate Structures for AI Infrastructure
Data centers may be powered by energy and technology, but their success also depends on the real estate structures that …
May 22, 2026
May 22, 2026 • 1-minute read

View Insight

[H5] News & Achievements
Media Coverage
Alex Canizares Discusses Government Contracts Compliance Trends on Federal News Networks’ Off the Shelf Podcast
Alex Canizares offered an update on Department of Justice Civil False Claims Act enforcement priorities, noting that “$6.8 billion went …
May 22, 2026
May 22, 2026 • 1-minute read

View News

Deals & Cases
Vinson & Elkins Advises LSB Industries, Inc. on Acquisition of Arkansas Carbon Capture Project
Vinson & Elkins advised LSB Industries, Inc. (NYSE: LXU) (“LSB”), in the acquisition of the carbon capture and sequestration (“CCS”) …
May 20, 2026
May 20, 2026 • 1-minute read

View News

Deals & Cases
Vinson & Elkins Represents Lazard and Bank of America as Financial Advisors in NextEra Energy Combination With Dominion Energy
Vinson & Elkins is representing Lazard as lead financial advisor, and Bank of America as financial advisor, to NextEra Energy, …
May 19, 2026
May 19, 2026 • 1-minute read

View News

Media Coverage
Kaam Sahely Discusses Vinson & Elkins’ AI Power and Infrastructure Survey With the FT Energy Source
In FT Energy Source, Partner Kaam Sahely discussed the findings from Vinson & Elkins AI Power & Infrastructure Pulse Survey, …
May 18, 2026
May 18, 2026 • 1-minute read

View News

Deals & Cases
Vinson & Elkins Advises EagleRock Land in Initial Public Offering
Vinson & Elkins advised EagleRock Land, LLC in connection with its initial public offering of 17,300,000 Class A shares representing …
May 15, 2026
May 15, 2026 • 1-minute read

View News

[H5] V&E
Client Alerts
Mid-Level Mindset: Empowering Lawyers Through a Pivotal Career Stage
Vinson & Elkins’ inaugural Mid-Level Associate Summit brought lawyers from across the firm to Houston for three days of learning …
March 31, 2026
March 31, 2026 • 8-minute read

View Insight

Client Alerts
Pro Bono at Vinson & Elkins: Lawyers Changing Lives
Pro Bono Counsel Parker Cragg reflects on a life dedicated to service, returning to Vinson & Elkins, and wisdom he has picked up along the way.
October 20, 2025 • V&E+ Values
October 20, 2025 • 9-minute read

View Insight

Client Alerts
The Genuine Cup: Soccer Strengthens Our Communities
Vinson & Elkins Chair Keith Fullenweider and Vice Chair Hilary Preston, alongside partners Creighton Smith and Jenny Speck, sit down for conversation on a global soccer tournament, the firm’s support for it, and their experience as spectators and volunteers.
August 27, 2025 • V&E+ Values
August 27, 2025 • 11-minute read

View Insight

Client Alerts
Navigating Antitrust Compliance: A Q&A with Vinson & Elkins’ Antitrust and Enforcement Leaders
At a recent Practising Law Institute (PLI) webinar on antitrust, over 250 legal professionals joined to hear from three antitrust leaders at Vinson & Elkins: Nicole Castle, Zach Terwilliger, and Craig Seebald. In this Q&A, they explore what’s changing in enforcement, how companies can spot risks early, and what it takes to build a strong compliance culture.
June 23, 2025 • V&E+ Views
June 23, 2025 • 7-minute read

View Insight

Client Alerts
Technology, Infrastructure, and the Future of Disputes: A Conversation with Roberta Downey
Roberta Downey, a seasoned disputes lawyer, shares how rapid innovation is transforming the construction industry, reshaping contracts, and presenting new challenges for legal teams worldwide.
June 4, 2025 • V&E+ Views
June 4, 2025 • 8-minute read

View Insight

Capabilities
[H1] Actionable Advice. Tailored to Your Business.
Vinson & Elkins brings deep experience handling complex matters for clients across the global economy. See where we excel, and learn how we can help you reach your goals.

13 Offices, Seamless Coverage

100+ Full-Service Practice Areas

242 Chambers Individual Lawyer Rankings in 2025

700+ Lawyers Across the World

Capabilities:
All
Practices
Industries
Global Reach

Jump to:

a

b

c

d

e

f

g

h

i

j

k

l

m

n

o

p

q

r

s

t

u

v

w

x

y

z

[H2]
A

Acquisition & Leveraged Finance

Affirmative Antitrust Recovery

Africa

Air

Airlines & Aviation

Antitrust

Antitrust Litigation

Antitrust Transactional

Antitrust Investigations

Appellate

Artificial Intelligence

Asia Pacific

Asset-Based Lending

[H2]
C

Carbon Capture

Central Asia, Russia & Caucasus

Chemicals

China

Class Actions & Multi-District Litigation

CleanTech and Energy Technologies

Climate Change

Climate Resilience & Adaptation

Commercial Real Estate

Commercial and Business Litigation

Company & Debtor Representations

Condemnation & Eminent Domain

Congressional Investigations & Crisis Management

Construction & Engineering

Contaminated Sites & Remediation

Copyright Litigation

Corporate Governance & Board Representation

Corporate Restructuring & Bankruptcy

Cross-Border & International Insolvency Representations

Cybersecurity & Data Privacy

[H2]
D

Data Centers

Derivatives, Structured Products & Trading

Digital Media

Discrimination & Retaliation

Distressed Asset Acquisitions & Investments

Distressed Debt

[H2]
E

ERISA & Employee Benefits Litigation

Electric Grid Security & Compliance

Electric Power & Utility Regulation

Electric Vehicles and Related Infrastructure and Technology

Emergency Response & Crisis Management

Employee Benefits

Energy Contract Disputes

Energy Litigation

Energy Transition & Clean Technology

Energy – Downstream Oil & Gas

Energy – Electric Power

Energy – Gas to Power

Energy – Hydrogen

Energy – Liquefied Natural Gas (LNG)

Energy – Midstream Oil & Gas

Energy – Oilfield Services

Energy – Renewable Fuels & Biofuels

Energy – Renewables

Energy – Upstream Oil & Gas

Environmental Enforcement Defense

Environmental Justice

Environmental Litigation

Equity Sponsor Representations

Executive Compensation

Export Controls & Economic Sanctions

[H2]
F

FCPA & Global Anti-Corruption

False Claims Act/Qui Tam Litigation

Federal Circuit Appeals

Fifth Circuit Appeals

Financing Renewables

Foreign Investment Law & Nationality Planning

[H2]
G

Global Cartel Defense and Coordination

Governance and Sustainability

Government Contracts

Government Investigations & White Collar Criminal Defense

Grand Jury Investigation Defense

Grid Flexibility & Resilience

[H2]
H

High-Yield Offerings

Houston I-45 Highway Expansion Project

[H2]
I

IPOs & Equity Offerings

Incorporating or Reincorporating in Texas

India

Industrial Applications

Infrastructure

Intellectual Property Counseling

Internal Investigations

International Construction

International Dispute Resolution & Arbitration

International Employment Issues

International Energy Disputes

International Litigation

International Tax

International Trade Commission Litigation

Investing in Renewables

Investment Funds

Iraq

Israel

[H2]
J

Japan

[H2]
L

Labor

Latin America

Law Firm Defense

Lender & Creditor Representations

Licensing & Technology Transfer

Life Sciences

Liquids Pipeline Regulation

[H2]
M

Maritime & Offshore

Master Limited Partnerships

Media, Privacy & Commercial Speech

Mergers & Acquisitions

Mexico

Middle East

Mining & Metals

[H2]
N

National Security & International Trade

National Security Reviews (CFIUS)

Natural Gas Regulation

Non-Compete & Restrictive Covenant Litigation

North America

North Sea

[H2]
O

Oil, Gas & Electric Regulatory Transactions

[H2]
P

Patent Litigation

Patent Post Grant Proceedings

Patent Prosecution

Per- and Poly-Fluoroalkyl Substances (PFAS)

Private Credit, Alternative Capital & Special Situations

Private Equity

Project & Infrastructure Finance

Project Development

[H2]
R

REITs

Real Estate

Real Estate Development

Real Estate Investment & Finance

Real Estate Leasing & Property Management

Renewables Tax & Tax Equity

Reserve-Based Lending

Restructuring Litigation

Retail & Consumer Goods

Royalty Litigation & Class Actions

[H2]
S

Shale & Hydraulic Fracturing Disputes

Shareholder Engagement

Shareholder Litigation & Enforcement

Southeast Asia

Special Purpose Acquisition Companies

Structured Finance

Sustainable Aviation Fuel

Sustainable Debt Finance

Sustainable Foods & Agriculture

Sustainable Real Estate

Syndicated Finance

[H2]
T

Taiwan

Technology

Technology Transactions

Telecommunications

Texas Property Tax Disputes

Texas Supreme Court

Trade Secrets & Unfair Competition

Trademark Litigation

Trademark Prosecution

Transactional Tax

Transportation & Logistics

[H2]
U

U.S. Supreme Court

U.S. Tax Controversy & Litigation

Utility Rate Regulation

[H2]
V

Venture Capital

[H2]
W

Wage & Hour Disputes

Water

Whistleblower Counseling & Defense

ExpandCollapse
All

Antitrust

Affirmative Antitrust Recovery
Antitrust
Antitrust Investigations
Antitrust Litigation
Antitrust Transactional
Global Cartel Defense and Coordination
Grand Jury Investigation Defense

Banking and Finance

Acquisition & Leveraged Finance
Asset-Based Lending
Derivatives, Structured Products & Trading
Distressed Debt
Private Credit, Alternative Capital & Special Situations
Project & Infrastructure Finance
Reserve-Based Lending
Structured Finance
Sustainable Aviation Fuel
Syndicated Finance

Corporate

Antitrust Transactional
Artificial Intelligence
Climate Resilience & Adaptation
Corporate Governance & Board Representation
Governance and Sustainability
High-Yield Offerings
Incorporating or Reincorporating in Texas
Investment Funds
IPOs & Equity Offerings
Master Limited Partnerships
Mergers & Acquisitions
Private Credit, Alternative Capital & Special Situations
Private Equity
REITs
Shareholder Engagement
Special Purpose Acquisition Companies
Technology Transactions
Venture Capital

Counseling & Regulatory

Antitrust Transactional
Artificial Intelligence
Climate Resilience & Adaptation
Congressional Investigations & Crisis Management
Cybersecurity & Data Privacy
Electric Grid Security & Compliance
Electric Power & Utility Regulation
Export Controls & Economic Sanctions
FCPA & Global Anti-Corruption
Global Cartel Defense and Coordination
Government Investigations & White Collar Criminal Defense
Internal Investigations
Liquids Pipeline Regulation
National Security & International Trade
National Security Reviews (CFIUS)
Natural Gas Regulation
Oil, Gas & Electric Regulatory Transactions
Utility Rate Regulation

Energy Transition

Artificial Intelligence
Carbon Capture
CleanTech and Energy Technologies
Climate Change
Climate Resilience & Adaptation
Electric Vehicles and Related Infrastructure and Technology
Energy Transition & Clean Technology
Financing Renewables
Governance and Sustainability
Grid Flexibility & Resilience
Industrial Applications
Investing in Renewables
Renewables Tax & Tax Equity
Special Purpose Acquisition Companies
Sustainable Aviation Fuel
Sustainable Debt Finance
Sustainable Foods & Agriculture
Sustainable Real Estate

Environmental & Natural Resources

Air
Climate Change
Climate Resilience & Adaptation
Contaminated Sites & Remediation
Emergency Response & Crisis Management
Environmental Enforcement Defense
Environmental Justice
Environmental Litigation
Governance and Sustainability
Per- and Poly-Fluoroalkyl Substances (PFAS)
Sustainable Aviation Fuel
Water

Executive Compensation & Benefits

Employee Benefits
Executive Compensation

Intellectual Property

Artificial Intelligence
Copyright Litigation
Cybersecurity & Data Privacy
Federal Circuit Appeals
Governance and Sustainability
Intellectual Property Counseling
International Trade Commission Litigation
Licensing & Technology Transfer
Patent Litigation
Patent Post Grant Proceedings
Patent Prosecution
Technology Transactions
Trade Secrets & Unfair Competition
Trademark Litigation
Trademark Prosecution

Labor & Employment

Discrimination & Retaliation
Emergency Response & Crisis Management
ERISA & Employee Benefits Litigation
Governance and Sustainability
International Employment Issues
Labor
Non-Compete & Restrictive Covenant Litigation
Wage & Hour Disputes
Whistleblower Counseling & Defense

Litigation

Appellate
Artificial Intelligence
Class Actions & Multi-District Litigation
Climate Resilience & Adaptation
Commercial and Business Litigation
Condemnation & Eminent Domain
Copyright Litigation
Cybersecurity & Data Privacy
Energy Contract Disputes
Energy Litigation
Environmental Litigation
ERISA & Employee Benefits Litigation
False Claims Act/Qui Tam Litigation
FCPA & Global Anti-Corruption
Federal Circuit Appeals
Fifth Circuit Appeals
Foreign Investment Law & Nationality Planning
Government Contracts
Government Investigations & White Collar Criminal Defense
Houston I-45 Highway Expansion Project
Internal Investigations
International Construction
International Dispute Resolution & Arbitration
International Energy Disputes
International Litigation
International Trade Commission Litigation
Law Firm Defense
Non-Compete & Restrictive Covenant Litigation
Patent Litigation
Restructuring Litigation
Royalty Litigation & Class Actions
Shale & Hydraulic Fracturing Disputes
Shareholder Litigation & Enforcement
Texas Property Tax Disputes
Texas Supreme Court
Trade Secrets & Unfair Competition
Trademark Litigation
U.S. Supreme Court
U.S. Tax Controversy & Litigation

Projects

Climate Resilience & Adaptation
Private Credit, Alternative Capital & Special Situations
Project & Infrastructure Finance
Project Development

Real Estate

Commercial Real Estate
Private Credit, Alternative Capital & Special Situations
Real Estate Development
Real Estate Investment & Finance
Real Estate Leasing & Property Management
REITs

Restructuring & Reorganization

Company & Debtor Representations
Corporate Restructuring & Bankruptcy
Cross-Border & International Insolvency Representations
Distressed Asset Acquisitions & Investments
Equity Sponsor Representations
Lender & Creditor Representations
Private Credit, Alternative Capital & Special Situations
Restructuring Litigation

Tax

International Tax
REITs
Renewables Tax & Tax Equity
Special Purpose Acquisition Companies
Transactional Tax
U.S. Tax Controversy & Litigation

ExpandCollapse
All

Airlines & Aviation
Chemicals
Construction & Engineering
Data Centers
Digital Media
Energy

Energy – Downstream Oil & Gas
Energy – Electric Power
Energy – Gas to Power
Energy – Hydrogen
Energy – Liquefied Natural Gas (LNG)
Energy – Midstream Oil & Gas
Energy – Oilfield Services
Energy – Renewable Fuels & Biofuels
Energy – Renewables
Energy – Upstream Oil & Gas

Infrastructure
Life Sciences

Maritime & Offshore
Media, Privacy & Commercial Speech
Mining & Metals
Real Estate
Retail & Consumer Goods
Technology
Telecommunications
Transportation & Logistics

Africa
Asia Pacific
Central Asia, Russia & Caucasus
China
India
Iraq
Israel
Japan
Latin America
Mexico
Middle East
North America
North Sea
Southeast Asia
Taiwan

Featured Series
Outlook on the New Administration

View All Series

Client Alerts

[H3] IEEPA Refunds: Protesting Liquidated Entries in the Wake of CAPE Phase 1
On April 8, 2026, U.S. Customs and Border Protection (“CBP”) issued guidance on the Consolidated Administration and Processing of Entries …
April 17, 2026 • 5-minute read

View More From This Series

CLE Event

[H3] Navigating the Overturning of IEEPA Tariffs: What Happens Next?
The Supreme Court of the United States (“SCOTUS”) has overturned the tariffs imposed by the Trump Administration under the International Emergency Economic Powers Act but did not decide on tariff refunds.
February 25, 2026 • 1-minute read

View More From This Series

Articles

[H3] Trump’s Well-Stocked Tariff Toolkit Demands Importers’ Attention
Over the past year, the Trump administration’s reciprocal tariffs, imposed under the International Emergency Economic Powers Act, have absorbed media …
February 4, 2026 • 1-minute read

View More From This Series

Articles

[H3] IRS Update to Fast Track Settlement Program a Welcome First Step
Stephen Josey and Brie Barry report that recent IRS updates to the fast-track settlement program represent a meaningful move toward more efficient and taxpayer-focused dispute resolution. They note that despite these improvements, additional measures are necessary to reinforce independence and bolster taxpayer confidence.
November 26, 2025 • 1-minute read

View More From This Series

[IMG: A Conversation with The Wall Street Journal: Lessons from Recent Compliance Failures Background Decorative Image]

[H2] All Series

Corporate Alternative Minimum Tax (CAMT)

Corporate Transparency Act

Energy Transition

Environmental

Inflation Reduction Act

International Tax Developments

Managing the Modern Workplace

Outlook on the New Administration

Power Play

Regulatory Roundup

Technology

Texas Business Court

V&E

Capabilities
[H1] Private Credit, Alternative Capital & Special Situations
trending now

[H3] 5 Strategies for Operating Hybrid Funds

Read More

[H3] Breakwall Capital and Vitol Announce the Closing of Valor Upstream Credit Partners II

Read More

Share by Email (opens in a new tab)

Share on LinkedIn (opens in a new tab)

Print this page or sava as PDF

[H2] Credentials at a Glance

[H3] 75+ Debt Attorneys, 200+ Equity Attorneys, and 70+ Tax and Restructuring Attorneys

endorsed
[H3] “What separates V&E, in my mind, from everyone else is the confidence they have on market terms, whether it be from a business standpoint or a legal standpoint. When you receive a product from V&E, you can, with high confidence, know that major issues have been flagged and addressed; that brings invaluable peace of mind.”
– Banking & Finance Client Quote, Chambers USA, 2022

[H2] Where We Excel
Vinson & Elkins’ Private Credit, Alternative Capital and Special Situations practice structures bespoke capital to finance acquisitions, growth, recapitalizations, rescue financings, stressed and distressed investment and exit transactions, and other opportunistic or event-driven needs, special situations and related workouts, restructurings, remedial actions and disputes.
Our team of multi-disciplinary lawyers are well versed in working across the debt, equity and hybrid components of capital structures to offer creative and tax-efficient investment solutions and guidance across a broad spectrum of industries for public and private borrowers and institutional investors. Our Private Credit, Alternative Capital and Special Situations team is best known for our sound legal and commercial judgment, understanding of the continually evolving finance markets, and realistic views on what clients can expect to achieve under the circumstances at hand.
Over the last decade, our finance lawyers have advised on thousands of financing transactions worth hundreds of billions in total deal value.
Special Situations Group
Vinson & Elkins’ Special Situations practice leverages the firm’s global presence with a deep, talented bench of lawyers. Our cross-practice team routinely advise prospective purchasers, investors and lenders in various distressed asset acquisitions and investments. Our experience covers a range of sectors including traditional energy, renewables, infrastructure, commodities, retail, wholesale, manufacturing, real estate, and health care. Our Special Situations lawyers team up with V&E lawyers with experience in specific sectors, including as to bankruptcy-related risks that may affect prospective investments, divestitures, and purchases. Where necessary in certain jurisdictions, we work alongside carefully chosen advisors to provide a single and seamless legal work product. Our client base includes private equity houses, special situations funds, hedge funds and other financial sponsors who seek Vinson & Elkins counsel to advise on their most complex and high-profile transactions.

In addition to being recognized 19 consecutive years in Banking & Finance by Chambers USA, our finance practice has also received notable recognition for Top 10 in “Leveraged by Deal (Overall, Borrower & Lender)” and Top 10 in “Borrower: M&A by Deal,” Refinitiv U.S. Syndicated Finance League Tables, 2022, and “Commercial Lending Advice to Borrowers” and “Commercial Lending Advice to Lenders,” Legal 500 2023.
Vinson & Elkins’ Private Credit, Alternative Capital and Special Situations lawyers counsel clients navigating business and legal issues critical to capital investors and issuers.
[H3] Representative Industries
[IMG: Private Credit, Alternative Capital & Special Situations Representative Industries]
[H3] Representative Investment & Transaction Structures
Asset-Based Loans
Straight Preferred Equity
Leveraged/Acquisition Finance
Synthetic Debt
Senior, Stretch & Junior Secured Loans
Convertible Preferred Equity
Unsecured & Subordinated Loans
Warrants / Equity Kickers / Convertible Debt
Traditional & Structured Mezzanine Capital
Priority Guaranteed Unsecured Notes
ESG & Sustainability-Linked Finance
Derivatives & Synthetic Equity
Secured, Unsecured, & Subordinated Notes
Traditional & “Holdco” Joint Ventures
Cross-Border & Multi-Currency
Distressed Debt Investments & Trading
Unitranche & Multi-Creditor Finance
Distressed Asset Sales & Acquisitions
Traditional & Renewables Project Finance
Debt For Equity & Uptier Exchanges
DIP, Roll-Up & Exit Credit Facilities
Priming & Liability Management Transactions
Debt & Project Portfolio Purchases
Section 363 Assets Sales, Credit Bids & Acquisitions
Warehouse, Securitization & Structured Finance
Prepackaged & Prenegotiated Chapter 11 Cases
Back-Leverage, HoldCo & Portfolio Financings
U.S. Bankruptcy Cases Ancillary to Foreign Proceedings
Bankruptcy Remote Structuring
Private Investment in Public Companies (PIPEs)
Take Private Transactions
Structured & Synthetic Real Property Interests
Up-Cs, SPACs, REITs & UPREITs
Subscription and Management Fee Facilities

[H2] Experience

Featured Deals & Cases

[H3] Breakwall Capital and Vitol Announce the Closing of Valor Upstream Credit Partners II

More Deals and Cases

Special situations investor in its role as lender and administrative agent under $129 million of revolver and multi-draw term loan prepetition and DIP financing and $50 million of take-back exit financing provided in connection with the Chapter 11 bankruptcy proceedings and equitization of a multi-site private cinema chain
Special situations investor as lender in $136 million of senior secured multi-draw term loan and revolving credit facilities provided to a multi-site consumer retail car wash owner and operator
A global asset manager in the negotiation of a $71.675 million cross-border senior secured financing to acquire and upgrade cruise ship vessels to be operated in the Mediterranean
Beard Energy Acquisition Transition Corp. [NYSE : BRD] in connection with a $15 million hybrid senior secured bridge financing with penny warrants extended to a residential solar business, Suntuity Renewables LLC, in connection with the signing of a de-SPAC business combination agreement
Special situations investor in a $43 million senior secured term loan and revolving working capital credit facility and a related $4.25 million subordinated bridge note, each for purposes of financing the multi-site acquisition and recapitalization of a series of leading luxury automobile dealerships
A startup Alaskan airline in an $8.5 million asset-based, senior secured term loan from an alternative lender back-leveraging a portfolio of seven aircraft owned and operated by the airline
TPG on behalf of its portfolio company, a national provider of energy efficiency, energy transition and decarbonization solutions, in a $660 million financing that includes $575 million in first and second lien term loans and an $85 million first lien revolving credit facility
HPS Investment Partners in a $149 million syndicated first lien term loan B, and a $87 million syndicated second lien term loan B, with warrants to two privately held sports card valuation and distribution companies
Private debt capital fund in $85 million second lien secured term loan B credit facilities to finance the sponsored acquisition of a designer, manufacturer and supplier of food processing equipment
Private debt capital fund, as lender, in a $44 million mezzanine notes facility to finance the acquisition of globally-recognized hydrocarbon laboratory analysis, measurement, testing, and technology company servicing upstream, midstream, and downstream oil and gas markets
Investment fund in a $112.5 million preferred equity investment and issuance of warrants in a Bermudian plastic packaging manufacturing, sale and distribution company
Private investment fund in its $75 million common and preferred equity investment in connection with the development of a high-volume soybean crushing plant in Iowa

[H2] You Have Goals. Let’s Get Started
At Vinson & Elkins, we bring decades of knowledge, skill, and experience to our clients’ most complex legal matters.

Find Lawyers

Discover our latest:

Insights

News & Achievements

[H5] Insights
Articles
5 Strategies for Operating Hybrid Funds
1. Craft Terms Carefully Hybrid funds often have bespoke, highly variable terms, including for capital calls, liquidity mechanisms, redemption rights, …
March 10, 2026
March 10, 2026 • 3-minute read

View Insight

Client Alerts
Aviation Finance: The Outlook for Business in 2025
As global passenger demand surges back to pre-pandemic levels, the aviation finance sector finds itself at a pivotal crossroads. Lower interest rates are sparking renewed activity, the aircraft ABS market is rebounding, and supply chain challenges continue to reshape priorities.
January 9, 2025
January 9, 2025 • 1-minute read

View Insight

[IMG: Industry - Airlines and Aviation]

Client Alerts
Q1 2024 Sustainable Debt Finance: Trends and Opportunities in an Area of Accelerated Growth
While 2022 showed that the sustainable debt market is not impervious to overall economic slow-down (particularly in the capital markets), …
March 14, 2024 • V&E ESG Update
March 14, 2024 • 2-minute read

View Insight

Client Alerts
Credit Risk Retention in Oil & Gas ‘Securitizations’ of Proven, Developed and Producing (PDP) Wells
The purpose of this White Paper is to provide general guidance to transaction participants and practitioners in their consideration of the application of 17 C.F.R. Part 246, adopted jointly by the Securities and Exchange Commission (“SEC”) and five other federal agencies (the “Agencies”) in October of 2014 (the “CRR Rules”) pursuant to Section 15G of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as added by section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, to a typical issuance of secured notes by a newly formed special purpose vehicle that owns or will own, among other things, a portfolio of proven, developed and producing hydrocarbon wells (a “Structured PDP Well Financing”).
May 30, 2023 • V&E Finance Update
May 30, 2023 • 2-minute read

View Insight

[IMG: Structured Finance Background Decorative Image]

Client Alerts
An Introduction to Aviation CLOs
One of the reasons for a reduction in the number of aircraft asset-backed securitizations (ABS) coming to market in 2022 and 2023, is the time lag between the rapid increase in interest rates by central banks and the corresponding increases in lease rates which we are now seeing.
May 4, 2023 • V&E Aviation Finance Update
May 4, 2023 • 8-minute read

View Insight

[IMG: Industry - Airlines and Aviation]

Client Alerts
Silicon Valley Bank FDIC Takeover
Silicon Valley Bank (“SVB”), a key lender serving customers and borrowers primarily in the technology industry, was taken over by U.S. regulators on Friday, March 10, 2023. Included herein are considerations that may be top of mind for persons with connections to SVB.
March 12, 2023 • V&E Restructuring & Reorganization Update
March 12, 2023 • 3-minute read

View Insight

[IMG: Distressed Debt and Looming Maturities: Liability Management and Restructuring Strategies in the Time of COVID-19 Background Decorative Image]

[H5] News & Achievements
Deals & Cases
Breakwall Capital and Vitol Announce the Closing of Valor Upstream Credit Partners II
Vinson & Elkins advised Vitol Inc. in connection with the formation of Valor Upstream Credit Partners II, L.P. (“VCP II”), …
February 25, 2026
February 25, 2026 • 1-minute read

View News

Deals & Cases
KLX Energy Services Holdings, Inc. Closes on New $232 Million Senior Secured Notes and $125 Million ABL Credit Facility
Vinson & Elkins advised KLX Energy Services Holdings, Inc. (NASDAQ: KLXE) (the “Company”), an onshore provider of oilfield services servicing the Permian, Eagle Ford, Rockies, Bakken, Marcellus, Utica and MidCon basins, in a refinancing transaction (the “Refinancing”).
March 20, 2025
March 20, 2025 • 2-minute read

View News

Firm News
New Vinson & Elkins Report Provides 2025 Outlook for Aviation Finance Trends
Vinson & Elkins released its latest industry report, Aviation Finance: The Outlook for Business in 2025, offering a forward-looking analysis of the aviation finance industry and the prospects for market participants in the year ahead.
January 9, 2025
January 9, 2025 • 2-minute read

View News

[IMG: flyExclusive to Become Publicly Traded via Business Combination Agreement with EG Acquisition Corp. Background Image]

Awards & Rankings
Chambers USA 2023 Recognizes Vinson & Elkins’ Corporate and Tax Departments in 35 Practice Categories, 91* Individual Lawyer Rankings
Vinson & Elkins announced today that its Corporate and Tax departments collectively achieved 16 Band 1 practice rankings in Chambers USA 2023: Nationwide – Energy Transition; Energy: Oil & Gas (Transactional); Offshore Energy; Projects: Oil & Gas; Projects: Power & Renewables (Transactional); Texas – Banking & Finance; Bankruptcy/Restructuring; Capital Markets: Debt & Equity; Corporate/M&A: The Elite; Real Estate; Tax; Technology: Corporate & Commercial; Austin – Corporate/M&A; Dallas – Employee Benefits & Executive Compensation; and New York Bankruptcy/Restructuring: Highly Regarded; Corporate/M&A: Takeover Defense.
June 1, 2023
June 1, 2023 • 4-minute read

View News

[H2] Related Capabilities

Acquisition & Leveraged Finance

Company & Debtor Representations

Distressed Debt

Energy – Liquefied Natural Gas (LNG)

IPOs & Equity Offerings

Investment Funds

Lender & Creditor Representations

Mergers & Acquisitions

Private Equity

Project & Infrastructure Finance

Real Estate Investment & Finance

Special Purpose Acquisition Companies

Structured Finance

Syndicated Finance

Technology Transactions

Transactional Tax

Capabilities
[H1] Artificial Intelligence
trending now

[H3] Powering Progress Episode 5 – The Space Behind the Servers: Real Estate Structures for AI Infrastructure

Read More

[H3] Powering Progress Episode 4 – The Power Supply Challenge: Delivering Energy for AI Growth

Read More

Share by Email (opens in a new tab)

Share on LinkedIn (opens in a new tab)

Print this page or sava as PDF

[H2] Where We Excel
[H3] The Firm of Choice for AI Innovators
Vinson & Elkins’ Artificial Intelligence practice works at the intersection of law and business, guiding clients through the many challenges of AI innovation and positioning clients to seize the opportunities in this fast-evolving domain.
Drawing on deep knowledge and experience, our seasoned lawyers advise across the full spectrum of AI development and deployment. We are the firm of choice for innovators seeking not just legal advice, but strategic, forward-thinking counsel in building, powering, scaling, and defending the next generation of artificial intelligence.

[H3] Where We Excel
Data Centers: Development and Financing. Acquiring and developing land for AI data center construction, converting existing properties into data centers, structuring and negotiating complex transactions involving data center assets, and securing project finance.
Data Centers: Power, Operations, and Compliance. Structuring and negotiating power purchase agreements for AI data centers, developing solutions to provide reliable and cost-effective power supply, securing environmental permits, navigating regulatory compliance at the state and federal levels, and handling transmission and distribution issues, including interconnection with regional grids.
Transactions and Agreements. Providing strategic counsel on AI-related M&A, venture capital, growth equity, joint ventures, strategic alliances, and bespoke financing arrangements, licensing deals, SaaS subscriptions, and data-sharing arrangements.
Intellectual Property. Guiding clients on how best to protect, commercialize, and enforce their AI-related IP. This work includes conducting thorough due diligence, crafting and negotiate sound IP agreements, and developing robust data governance frameworks.
Governance and Risk Management. Designing and implementing thoughtful AI governance policies, ethical use frameworks, and compliance programs. This work includes helping clients mitigate the risks of inaccuracies, biases, confidentiality and data privacy concerns, and other challenges in AI systems, and incorporating the impact of AI into both voluntary and required disclosures.
Disputes and Litigation. Handling high-stakes AI-related disputes, including cases involving antitrust and unfair competition, algorithmic pricing, and data privacy. Our complex commercial litigation also advises clients involved in government investigations, bid protests, regulatory proceedings, and more.
[H3] Work with Us
With a global network of offices and strong local relationships, Vinson & Elkins delivers seamless, around-the-clock service. Chambers, Legal 500, and other leading directories recognize our lawyers for excellence in technology, energy, and infrastructure law.
Learn more below about our deep experience advising on artificial intelligence matters.

[H2] Experience

Featured Deals & Cases

[H3] Vinson & Elkins Represents Talen Energy in Agreement to Power Amazon Data Centers

More Deals and Cases

Transactional
GoPoint Ventures in a Series Seed investment in Buzz Solutions, Inc., an artificial intelligence company that provides asset fault detection and predictive analytics for powerline inspections
An international corporate venture capital fund in its investment in a leading precision medicine company developing AI tests to personalize cancer therapy
Venture capital firm in its investment in a provider of purpose-built AI agents, powered by industry-leading small language models (SLMs) for enterprise applications
An early-stage venture capital firm in its Series Seed-4 Preferred Stock Financing investment in a leading AI company that provides asset fault detection and predictive analytics for powerline inspections, providing critical savings in preventing downed lines, power outages, and sparked wildfires due to failed grid infrastructure
Venture capital firm in its investment in the Series A funding round of a next-generation cloud resource optimization and management platform that uses cutting-edge distributed container infrastructure as well as Artificial Intelligence and Machine Learning to help enterprises reduce spending in the cloud by up to 80%, while enhancing both operational security and performance
An international corporate venture capital fund in its investment in a company that develops wired and wireless NaaS (network-as-a-service) solutions
Goldman Sachs in its lead investment in the $32 million Series A preferred stock financing of Entera, developer of a real estate technology platform intended to support data-driven decisions and purchases related to residential real estate
Venture capital firm in its investment in the Series B funding round of a platform that revolutionizes how enterprises automate business operations by transforming simple instructions into self-maintaining AI agents
Venture capital firm in its investment in a company that is creating a generative AI solution for complex cloud-native environments to automate IT troubleshooting for enterprises
Goldman Sachs in its lead investment in the $175 million preferred stock financing round of Bloomreach, a provider of commerce experience cloud products
Goldman Sachs in its lead investment in the $45 million Series B preferred stock financing round of RippleMatch, a recruitment automation platform
Prosperity7 Ventures in its lead investment in the $25 million financing round of Rain Neuromorphics, a developer of brain-inspired hardware for artificial intelligence
Quantum Energy Partners in an investment in the Series A preferred stock financing of Orennia, a developer of technology solutions for renewable energy investment and allocation decisions
Venture capital fund in its investment in the Series A funding round in a cutting-edge cloud platform that leverages the next generation of AMD accelerators to provide scalable, memory-optimized infrastructure for the most demanding AI workloads
A portfolio company of Vista Equity Partners substantially acquired all of the assets of Update Technologies, Inc.
Pensa Systems, a provider of autonomous perception systems for inventory visibility, in its Series Seed Preferred Stock financing led by Signia Venture Partners and ATX Venture Partners
Venture capital fund in its investment in the Series A funding round of an artificial intelligence company that bridges the gap between AI product development and deployment for enterprises
Atlas Energy Solutions Inc., a leading proppant producer and proppant logistics provider, in its agreement with Kodiak Robotics, Inc., a leader in autonomous ground transportation, whereby Kodiak will deploy bespoke autonomous driving technology in Atlas’ high-capacity trucks
Litigation
In re MultiPlan Health Insurance Provider Litig., MDL No. 3121 (N.D. Ill.) – Representing numerous large hospital systems as plaintiffs in connection with claims that MultiPlan orchestrated a nationwide conspiracy among healthcare payors—including all of the largest payors in the country—to use algorithmic software to artificially suppress reimbursements paid to healthcare providers for out-of-network healthcare services
In re RealPage Software Antitrust Litigation, MDL No. 3071 (M.D. Tenn.) – Representing four of the largest property management companies in the United States in connection with allegations that apartment rental companies used algorithms provided by RealPage to conspire with one another to prop up rent prices for multifamily housing throughout the United States
In re Yardi Revenue Management Antitrust Litig. (W.D. Wash.) – Representing multiple property management companies in connection with consolidated class actions alleging use of a common third-party revenue management algorithm inflated rental prices across the United States
Advised major technology company on antitrust considerations related to AI safety/security collaborations and Cloud-related issues
Defended leading technology company in various global antitrust investigations relating to its AI-powered services
Represented Alphabet-owned Intrinsic in its 2022 acquisition of AI/robotic intelligence firm Vicarious
IP Counseling
Developed form customer license agreements for the company, a developer of industry-specific augmented intelligence software
Commercialization and licensing program with respect to a web platform that provides user credential authentication for media networks
Developing form customer agreements, terms of use, partnership and distributor agreements, and policies for multiple companies
Counseling client regarding data ownership and usage related to driver data (including patterns and algorithms) gathered while operating toll projects; patent prosecution for anomaly detection machine learning tool
Advised real estate company in the development and implementation of its digital loyalty program, including negotiating agreements with technology developers and counseling our client on data privacy and use restrictions
Counseling media company regarding open source software matters, including licenses for contribution of code to open source community
Counseling pharmaceutical company related to open source software and cybersecurity matters in connection with its acquisition of provider of cloud-based solutions for chronic respiratory disease management
Digital Infrastructure & Data Centers
IFM Investors in the formation of joint venture with DigitalBridge to acquire Switch, a global technology infrastructure company focused on ultra-advanced data centers, in an $11 billion take-private transaction
DigitalBridge on its joint venture with Brookfield Infrastructure for the purpose of acquiring a 51% ownership stake in GD Towers, Germany’s largest tower company, valuing the company at €17.5 billion
Swiss Life Asset Management and EDF Invest in the $1.2 billion acquisition of a 27% interest in DataBank, the largest edge infrastructure operator in the U.S.
Talen Energy Corporation (NASDAQ: TLN) on its 1,920 MW power purchase agreement and associated arrangements with Amazon Web Services to provide carbon-free energy from Talen’s Susquehanna nuclear power plant to support AMZN’s announced $20 plus billion dollar data center build out in Pennsylvania
Blackstone in the acquisition of Sabre Industries, a leading manufacturer of data center power products, towers, battery storage and related solutions for electrical utility and telecom end markets, from The Jordan Company
Goldman Sachs in a strategic, preferred equity investment in Elea Digital, a connected platform of edge data centers across Brazil
DigitalBridge in its acquisition of a controlling stake in Vertical Bridge Holdings, the largest private owner and operator of wireless communications infrastructure in the U.S.
Aligned Data Centers and its sponsor Macquarie Asset Management in its acquisition of ODATA, a data center service provider of scalable, reliable and flexible IT infrastructure in Latin America
Live Oak Acquisition Corp. II, a SPAC, in its $1.4 billion business combination with Navitas Semiconductor, the industry leader in Gallium nitride power ICs
Sale of edge data center facilities powered by renewable energy in Iceland to Vauban Infrastructure Partners
ARCOS, a Vista Equity Partners portfolio company and leader in cloud-based technology for utilities, in its acquisition of Treverity, a software solutions provider for U.S. electricity and natural gas distribution utilities

[H2] You Have Goals. Let’s Get Started
At Vinson & Elkins, we bring decades of knowledge, skill, and experience to our clients’ most complex legal matters.

Find Lawyers

Discover our latest:

Insights

News & Achievements

[H5] Insights
Podcasts
Powering Progress Episode 5 – The Space Behind the Servers: Real Estate Structures for AI Infrastructure
Data centers may be powered by energy and technology, but their success also depends on the real estate structures that …
May 22, 2026
May 22, 2026 • 1-minute read

View Insight

Podcasts
Powering Progress Episode 4 – The Power Supply Challenge: Delivering Energy for AI Growth
Artificial intelligence is driving an extraordinary surge in data center demand, but behind every server and processor is a far …
May 18, 2026
May 18, 2026 • 1-minute read

View Insight

Podcasts
Powering Progress Episode 3 – The Fuel Behind the Future: How AI Gets Its Power
As demand for computing power grows, so does the need for reliable and scalable energy supply. For many projects, that …
May 5, 2026
May 5, 2026 • 1-minute read

View Insight

Podcasts
Powering Progress Episode 2 – Financing at Scale: Structured Capital for AI and Data Center Portfolios
Behind every major data center development is a sophisticated capital structure. Financing these projects requires balancing construction risk, power availability, …
April 29, 2026
April 29, 2026 • 1-minute read

View Insight

Podcasts
Powering Progress Episode 1 – Texas at the Edge of the Grid: Powering the Age of AI
As AI and data center development accelerates, regulatory considerations are becoming increasingly central to project planning — from federal energy …
April 28, 2026
April 28, 2026 • 1-minute read

View Insight

Client Alerts
California’s New Executive Order Establishes New AI Vendor Certification and Procurement Requirements
On March 30, 2026, California Governor Gavin Newsom signed Executive Order N-5-26 (the “Order”), directing state agencies to develop new …
March 31, 2026
March 31, 2026 • 7-minute read

View Insight

Articles
Innovation Governance: 5 Strategies to Mitigate Intellectual Property Risks
Innovative companies stand out from their competitors, attracting talent and investment, boosting revenue and margins, earning new customers and deep …
February 2, 2026
February 2, 2026 • 3-minute read

View Insight

[H5] News & Achievements
Firm News
Vinson & Elkins Survey Finds AI Infrastructure Investments Accelerating — But Power Constraints Are Forcing a Fundamental Rethink of Where and How Growth Happens
Survey reveals investor confidence remains strong even as power limitations reshape development strategies Vinson & Elkins today released findings from its …
May 14, 2026
May 14, 2026 • 3-minute read

View News

Deals & Cases
Vinson & Elkins Represents Talen Energy in Agreement to Power Amazon Data Centers
Vinson & Elkins represents Tal