Broadcom seeks more than $60bn in debt to fund AI chips for Anthropic
Broadcom is in talks with lenders to raise more than $60bn in debt, Bloomberg reported on Thursday. The money would finance AI chips for Anthropic and other companies. Bloomberg cited people with knowledge of the matter.
The figures under discussion could take the total as high as $100bn. Talks are continuing and the terms may change.
Blackstone and Apollo Global Management are in talks to take part, the same people said. Spokespeople for Broadcom, Anthropic, Apollo and Blackstone declined to comment.
How the financing is structured
The package has two parts. A junior tranche of roughly $30bn sits alongside a senior-secured tranche of about $60bn to $70bn, according to Bloomberg.
Broadcom would guarantee a portion of the senior tranche. A special-purpose vehicle would issue the debt.
A special-purpose vehicle is a separate legal entity created to hold specific assets and the borrowing against them. The debt sits on the vehicle’s...
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