Anthropic is planning to expand its credit line by several billion dollars ahead of its IPO.

According to Dynamic Growth Monitoring, Anthropic is currently in discussions with multiple banks to further increase its existing $2.5 billion revolving credit facility by several billion dollars to provide additional cash cushion for this year's IPO. A revolving credit facility is a line of credit that can be utilized at any time and does not mean that the money has already been borrowed.

In the coming weeks, Anthropic will also be meeting with public market investors to gauge the offering size and valuation. The Information has suggested that the earliest possible listing could be in September, with a valuation target of potentially over $1 trillion. CNBC and Bloomberg have indicated October as the earliest timing, with the final arrangement yet to be confirmed.

The existing credit facility is provided by banks such as Goldman Sachs, Morgan Stanley, JPMorgan Chase, Citigroup, and Barclays, some of which are also participating in the IPO. Both SpaceX and Cerebras had previously expanded their credit lines before going public.