Apollo Global Management Inc (APO) and Blackstone (BX) have finalized a $35 billion financing package for Anthropic to expand its AI infrastructure, one of the largest private credit transactions in history, Bloomberg reported.
The debt deal, priced across three tranches, the report said, citing people familiar with the matter, adding that it will fund Google's custom chips for Anthropic to lease, with Broadcom backstopping payments on the largest senior portions.
Morgan Stanley helped arrange the transaction, according to the report.
Roughly half of the $35 billion was syndicated to other investors, Bloomberg noted, adding the deal is expected to be the first of many for Broadcom as it helps Google develop tensor processing units for AI data centers.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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