Anthropic finalizes $35 billion debt financing deal for leasing Google TPUs

BlockBeats News, June 7th, according to Bloomberg, Apollo Global Management Inc. and Blackstone Inc. have finalized a $35 billion financing package for Anthropic PBC to expand its artificial intelligence infrastructure. This is another mega transaction in the current AI race.

According to sources familiar with the matter, this debt financing was structured in three different tranches. Earlier reports by Bloomberg indicated that the funds would be used to purchase TPUs custom-built by Google, which Anthropic will then lease.

This financing deal is one of the largest private credit transactions in history, highlighting how top financial institutions are vying to provide funding for data center construction and the necessary chips. Faced with unprecedented capital demands in the AI field, tech companies are tapping into various financing channels in the credit market, while Wall Street continues to design innovative debt structures to meet this rapidly growing funding need.

Under the agreement, Broadcom will provide payment guarantees for the largest senior debt portion of this debt. Sources say Morgan Stanley acted as an advisor for the transaction and helped arrange the financing. Due to the involvement of non-public information, these sources requested anonymity. Furthermore, approximately half of the $35 billion debt financing has been syndicated to other investors for co-ownership.

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