ChainThink reports that on June 7, according to Bloomberg, Anthropic PBC has secured a $35 billion debt financing package from Apollo Global Management Inc. and Blackstone Inc., which will be used to purchase and lease Google’s custom-developed TPUs to expand its AI infrastructure.
According to insiders, this debt financing was priced in three distinct tranches.
Broadcom will provide payment guarantees for the largest senior debt tranche of the transaction, Morgan Stanley is serving as transaction advisor and assisting with the financing arrangement, and approximately half of the $35 billion in debt financing has been distributed to other investors for co-ownership.
This financing arrangement is one of the largest private credit transactions in history, highlighting how top financial institutions are competing to fund the construction of AI data centers and the chips they require, reflecting how tech companies are tapping into various credit market channels to meet unprecedented capital demands in AI, while Wall Street continuously designs innovative debt structures to keep pace with rapidly growing financing needs.