Anthropic is set to finalize a $15 billion pre-IPO revolving credit facility to pave the way for its IPO.

Insightful Beating AI News Flash: According to Bloomberg, AI company Anthropic is set to finalize an expansion of its revolving credit facility to $15 billion, a crucial step towards clearing obstacles for its highly anticipated IPO filing in the United States. This amount is significantly higher than the company's previous target of around $10 billion and the $2.5 billion five-year revolving credit facility it secured last year.

Morgan Stanley will lead this credit arrangement, with Goldman Sachs, JPMorgan, and Citigroup playing key roles; these four institutions are also the lead underwriters for Anthropic's IPO, with Barclays and UBS expected to play critical roles as well.

Sources say that Anthropic's planned IPO fundraising size may even exceed that of SpaceX. The company's current annual revenue has surpassed $65 billion, and the specific size of the IPO and details of the credit arrangement are still subject to change.