Apollo, Blackstone work on $36 billion debt deal for Anthropic, Bloomberg News reports
The financing would let Anthropic expand AI infrastructure without putting the chip purchase on its balance sheet, while Broadcom backs part of the debt.
- On Thursday, Apollo Global Management and Blackstone began arranging roughly $36 billion in debt financing to expand Anthropic PBC's AI infrastructure, Bloomberg News reported.
- A special-purpose vehicle facilitates the purchase of Google tensor processing units, or TPUs, which Anthropic then leases for data centers in New York, Texas, Louisiana, and Indiana.
- Broadcom provides a residual-value support agreement on roughly $31 billion of the senior debt, absorbing losses if leased chips do not fetch sufficient resale value.
- Investors are submitting orders this week for the transaction, which is expected to close next week, though Bloomberg reported that terms remain subject to change.
- Blackstone already holds around $1 billion of Anthropic equity and participates in a separate $1.5 billion joint venture to integrate Claude into private-equity firms.
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Watch Apollo, Blackstone Seeks Partners for $36B Debt Deal to Buy AI Chips for Anthropic
Apollo and Blackstone are working to bring additional investors into a roughly $36 billion debt financing deal to help Anthropic build out its AI infrastructure. The debt will be used to purchase Google’s custom chips known as tensor processing units, or TPUs, which Anthropic will then lease, according to people with knowledge of the matter. Bloomberg's Neil Campling reports.
Times of India
The Economic TimesApollo, Blackstone work on $36 billion debt deal for Anthropic: Report
The debt would be used to buy custom chips from Google. Anthropic would then lease these chips, known as tensor processing units, or TPUs, the report said, citing people familiar with the matter.
Apollo and Blackstone shop a $36bn debt deal to buy Anthropic its chips
The way to read the latest Anthropic financing is to notice who is not borrowing the money. Apollo Global Management and Blackstone are arranging roughly $36 billion of debt, but the loan does not sit on Anthropic’s balance sheet. It buys chips, and the chips get leased back. The two firms are bringing additional investors […] This story continues at The Next Web
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