Broadcom seeks more than $60 billion in latest AI debt deal, Bloomberg News reports

Broadcom is engaged in discussions with a consortium of lenders to secure a debt package exceeding $60 billion for an AI chip financing arrangement, according to Bloomberg News, citing sources familiar with the matter. The deal, which could extend to $100 billion, may encompass a $30 billion junior debt tranche, with Broadcom potentially guaranteeing a portion of the senior-secured tranche, estimated at $60 billion to $70 billion, the report suggests.

Blackstone and Apollo Global Management are also involved in negotiations to join the financing, following an agreement among the three entities in June, the report adds. Broadcom, Apollo, and Blackstone declined to comment on the Bloomberg report at the time of publication.