Goodwin Guides Valar Atomics on $1 Billion Series B and $200 Million Credit Facility

The Technology team guided Valar Atomics on the closing of a $1 billion Series B financing led by Sequoia Capital (“Sequoia”). Sequoia was joined in this round by Apandion, Atreides Management, Conviction, Dream Ventures, HOF Capital, Point72, Riot Ventures, Snowpoint Ventures, Valor Equity Partners, and other both new and longtime investors. This Series B financing will enable Valar Atomics to transition from demonstrating the operability of an integrated reactor system to producing fleets of them en masse.

Goodwin also guided Valar Atomics on the closing of a $200 million credit facility led by Erebor Bank, as administrative agent, and J.P. Morgan, alongside Crescent Cove and Hercules Capital. 

Valar Atomics is scaling nuclear energy for heavy industrial power and clean hydrocarbon fuel production. 

The Goodwin deal team advising on the financing was led by David Pendergast and Agustin Podboj. The Goodwin deal team advising on the credit facility was led by Reid Bagwell. The financing and credit facility teams included Ty Bennett, Sierra Winokur, Carlos Martinez, Hailie Yoo, Jessica Gill, Justin Pierce, Paul Jin, Michael Casaburi, Liza Craig, Joshua Turner, and Jia Jia Huang.

For more information on the deal, please read the press release.