Anthropic finalizes a $35 billion debt financing plan for leasing Google TPUs

BlockBeats News, June 7, according to Bloomberg, Apollo Global Management Inc. and Blackstone Inc. have finalized a financing plan totaling $35 billion for Anthropic PBC to expand its artificial intelligence infrastructure. This is another super deal in the ongoing AI race.

Sources familiar with the matter said this debt financing was priced into three different tiers. Previously, Bloomberg reported that the funds would be used to purchase TPUs custom-developed by Google, which Anthropic would use on a leasing basis.

The financing plan is one of the largest private credit transactions in history and highlights that top financial institutions are competing to provide funding for data center construction and the chips required. Faced with unprecedented capital demand in the AI sector, technology companies are tapping various financing channels in the credit market to raise funds, while Wall Street continues to design innovative debt structures to meet this rapidly growing financing demand.

Under the agreement, Broadcom will provide payment guarantees for the largest senior debt portion of this debt. Sources said that Morgan Stanley served as an adviser to the deal and helped with the financing arrangements. Because the transaction involves non-public information, these individuals requested anonymity. In addition, sources said that of the total $35 billion debt financing, about half has been distributed to other investors for joint holding.

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