Broadcom’s Wall Street banking group has begun arranging a new $60 billion financing package tied to AI chips, according to people familiar with the matter cited by Odaily. The deal is intended to support companies including Anthropic as demand for computing power keeps rising.
Banks involved in the transaction are preparing syndication materials for $42 billion in Class A senior secured debt. A separate $18 billion Class B junior debt tranche is being led by Blackstone. Blackstone plans to commit $9 billion through various funds, with the rest to be syndicated to other investors.
People familiar with the plan said the financing has been in the works for weeks. The proposed deal is being closely watched across Wall Street and Silicon Valley as a gauge of whether investors remain willing to fund the continued buildout of AI infrastructure. Broadcom is seeking to sell more chips and other data center equipment as it competes with Nvidia, while AI companies such as Anthropic need increasing amounts of compute. A person familiar with the matter said in August that the potential transaction would help companies including Anthropic secure chips and other critical AI infrastructure.
Broadcom (AVGO.O) is seeking a new $60 billion AI chip financing package through its Wall Street banking group, according to people familiar with the matter cited by Odaily. The funding is intended to support companies including Anthropic.
Banks involved in the debt package are preparing to send syndication invitations to investors for $42 billion in Class A senior secured debt. Another $18 billion in Class B junior debt is being led by Blackstone. Blackstone plans to commit $9 billion through different funds, while the remainder will be distributed through syndication.
People familiar with the matter said the financing plan has been under discussion for weeks. The transaction is being watched closely by people on Wall Street and in Silicon Valley, who want to see whether investors are still willing to fund the expansion of AI infrastructure.
Broadcom is looking to sell more chips and other data center equipment as it competes with Nvidia. At the same time, AI companies including Anthropic need growing amounts of compute capacity.
A person familiar with the matter said in August this year that the potential deal would help companies including Anthropic obtain chips and other critical AI infrastructure.
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