Broadcom is seeking up to $80 billion in debt to finance AI chips for Anthropic
The chip designer is in talks with lenders on a deal that would benefit Anthropic and other AI companies, with a total potential raise of up to $100 billion
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.
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