A Wall Street syndicate has launched a record $60 billion AI debt financing aimed at funding Anthropic chip leases.

BlockBeats news, October 6 — According to a report by the UK's Financial Times, Bank of America, Citigroup, and Morgan Stanley began distributing portions of a $60 billion debt financing to other banks on Monday. The financing will be used to support Anthropic in renting Google chips and obtaining AI computing power, setting a record for the scale of a chip financing transaction. The three banks had previously committed to providing funds for the deal.

The financing package includes approximately $42 billion in senior secured loans backed by Broadcom, and syndication distribution has now begun. With Broadcom's A- credit rating, this portion of the debt may also be sold in the future through private placements or the investment-grade bond market. Another $18 billion in subordinated debt not guaranteed by Broadcom will be launched later, and Blackstone has committed to providing funding for about $9 billion of it.

The related funds will be used for Anthropic's chip orders in 2027, and lease payments will begin after the chips are delivered. Because lenders of the subordinated debt will directly bear Anthropic's credit risk, banks may wait until its planned IPO is completed before marketing it to the market, so that investors can obtain more financial disclosure. The transaction is seen as an important indicator for testing market demand for AI debt financing.