Blackstone reportedly mulls second debt package for Anthropic chip deal
Top line
Blackstone is in early talks for a second debt package of at least $36 billion to fund Anthropic's artificial intelligence chip infrastructure lease involving Google.
Summary
Blackstone Inc. is reportedly in early discussions with investors to arrange a second major debt package of at least $36 billion to finance Anthropic PBC's use of Google chips across five data centers. If completed, this transaction would surpass a recent $35 billion private credit package organized by Apollo Global Management and Blackstone. The potential financing aligns with Anthropic's confidential US initial public offering filing as it seeks to outpace rival OpenAI, reflecting a broader trend of technology companies leveraging credit markets to fund artificial intelligence infrastructure.
Highlights
- Blackstone Inc. has initiated early discussions with investors regarding a second substantial debt package to finance Anthropic PBC's use of chips from Alphabet Inc.'s Google.
- The initial proposal under discussion contemplates a debt amount of at least $36 billion.
- If finalized at this scale, the transaction would exceed the record $35 billion private credit debt package arranged by Apollo Global Management and Blackstone approximately two months prior.
- Alphabet Inc.'s Google, an early investor in Anthropic, continues to support financing mechanisms backing the startup's data center infrastructure.
- This potential financing follows Anthropic's confidential initial public offering filing in the United States as it aims to precede rival OpenAI in public markets.
- Anthropic plans to lease computer chips across five data centers with Google's support.
- Technology companies are increasingly utilizing diverse credit markets to fund capital-intensive artificial intelligence infrastructure.
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