Anthropic's pre-IPO credit facility set to exceed $10 billion, Bloomberg News reports

Anthropic, the AI lab behind the Claude chatbot, is reportedly set to secure a revolving credit facility that will surpass its $10 billion goal, according to Bloomberg News. This credit line could be one of the largest public listings on record, with banks competing for a share in the expanded credit agreement, as Bloomberg reported on Tuesday.

The banks most involved in arranging the credit facility have been asked to commit around $1.25 billion each, while a second tier of active lenders is expected to offer approximately $1 billion, Bloomberg cited sources familiar with the matter. Less active lenders would contribute around $750 million or less. The negotiations are still in progress, and Anthropic may decide to cap the revolver size at its target or even below, Bloomberg noted.

Anthropic has filed for a U.S. initial public offering confidentially in June, but has not yet responded to requests for comment from Reuters. The company anticipates generating revenue between $190 billion and $200 billion by 2028, as exclusively reported by Reuters on Friday. By the end of July, Anthropic's annual revenue run rate had already surpassed $65 billion.