Bank of America, Blackstone, Citi and Morgan Stanley line up $63 billion to buy Broadcom AI chips for Anthropic
Four institutions said a new special purpose vehicle will use $63 billion in financing to buy Broadcom XPU accelerators and networking gear and lease them to Anthropic, with deliveries from 2027. BofA, Citi and Morgan Stanley arrange first-lien debt, Blackstone provides second-lien financing, and Broadcom gives residual value support. Reuters' sources put the first lien at about $43.5 billion.
Why it matters
One of the largest AI compute debt deals, it shows frontier labs increasingly relying on leasing structures backed by chipmaker guarantees and bank capital.
Sources3
BroadcomMediaBank of America, Blackstone, Citi and Morgan Stanley Announce Landmark $63 Billion Financing Structure to Enable AI Compute Capacity in Partnership with BroadcomView original ·
ReutersMediaWall Street banks, Blackstone line up $63 billion to finance Broadcom AI chips for AnthropicView original · via Investing.com ·
ITHomeMedia$63 billion (630 亿美元)! Wall Street banks and Blackstone finance Anthropic's purchase of Broadcom AI chipsTranslated from Chinese · View original ·
Written by dalao.ai: the title, summary and why it matters are our own words. The original reports are the record; their publishers keep authorship.