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Anthropic seeks $60 billion in chip financing, with some debt yielding over 10%

According to the Financial Times, Anthropic is arranging $60 billion in debt financing for a chip deal, comprising about $42 billion in senior debt and $18 billion in junior debt. Blackstone funds plan to buy $9 billion of junior debt with a 10% coupon and a yield above 10% after discounts and fees, compared with 8.5% in an earlier similar transaction.

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Anthropic seeks $60 billion in chip financing, with some debt yielding over 10%
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What to know

  • 01

    Broadcom guarantees the roughly $42 billion senior tranche; Bank of America, Citigroup and Morgan Stanley have begun syndication.

  • 02

    Blackstone is expected to help distribute the remaining $9 billion in junior debt over the coming months, possibly at a lower yield.

Why it matters

The report says rising borrowing costs reflect investors demanding higher risk premiums for AI infrastructure financing and highlight pressure from technology companies’ substantial near-term funding needs.

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