Broadcom starts amassing $60 billion to fund chips for Anthropic: Report

Broadcom Inc.’s Wall Street syndicate are starting to gather $60 billion of fresh AI chip financing to benefit Anthropic PBC and other companies, Bloomberg reported, citing people with knowledge of the matter.

Banks involved in the massive debt package are poised to send out syndication letters for a $42 billion Class A senior-secured tranche, the people said, asking not to be identified discussing the deal, which has yet to be announced.

Blackstone Inc. is leading an $18 billion tranche of Class B junior debt, committing $9 billion from various funds with plans to syndicate the rest, the people said.