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Wall Street syndicate launches record $60 billion AI financing deal for Anthropic to lease Google chips
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According to a Financial Times report on October 6, Bank of America, Citigroup, and Morgan Stanley have begun syndicating a $60 billion debt financing package to other banks, supporting Anthropic's leasing of Google AI chips. This is the largest chip financing deal ever. The package includes approximately $42 billion in senior secured loans backed by Broadcom, which launched syndication on Monday, and $18 billion in unsecured subordinated debt not guaranteed by Broadcom, expected to launch later. Blackstone has committed to fund about $9 billion of the subordinated debt. The proceeds will fund Anthropic's chip orders for 2027, with lease payments beginning after chip delivery. Broadcom may also receive up to $42 billion in convertible notes from Anthropic to cover related lease costs. The $60 billion financing is seen as a key test of market demand for AI-related debt.
Source report
October 6 — According to the Financial Times, Bank of America, Citigroup, and Morgan Stanley have begun distributing a $60 billion debt financing package to other banks, aimed at supporting Anthropic’s leasing of AI chips from Google (GOOG.O). This marks the largest chip financing deal to date.
Key details of the transaction:
- $42 billion in senior secured loans backed by Broadcom (AVGO.O), launched for syndication on Monday
- $18 billion in subordinated debt not guaranteed by Broadcom, expected to be offered at a later stage
- Blackstone has committed to fund approximately $9 billion of this tranche
The proceeds will be used to finance Anthropic’s chip orders for 2027, with lease payments commencing after chip delivery. Broadcom may also receive up to $42 billion in convertible notes from Anthropic to cover related leasing costs.
This $60 billion financing is widely seen as a key test of market demand for AI-related debt.
Source
domesticNeutral / independent
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Wall Street syndicate launches record $60 billion debt deal for Anthropic AI chip leases