Banks, Blackstone Announce $63 Billion Anthropic Compute Deal
The financing structure will support purchases of Broadcom AI accelerators and networking equipment for lease to Anthropic, with deliveries expected from 2027.
Key takeaways
- The announced transaction is valued at $63 billion.
- A new special purpose vehicle will buy Broadcom equipment to lease to Anthropic.
Bank of America, Blackstone, Citi and Morgan Stanley announced a $63 billion transaction to finance AI compute capacity for Anthropic using Broadcom technology. Deliveries are expected to begin in calendar 2027.
A newly formed special purpose vehicle will use committed financing to buy Broadcom XPU AI accelerators and networking solutions, which it will lease to Anthropic. Bank of America, Citi and Morgan Stanley are arranging the first-lien financing, while Blackstone is the sole provider of the committed second-lien financing.
Broadcom will provide residual-value support to the vehicle in an amount equivalent to the first-lien financing. The transaction is part of a strategic compute capacity agreement Broadcom had previously announced.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
