Apollo Global Management and Blackstone completed a $35 billion private‑credit package to fund Anthropic’s AI chip lease program.
The deal comprises $6 bn A1 notes, $24 bn A2 notes backed by Broadcom, and a $4.5 bn B tranche with higher coupon.
Broadcom will support residual chip values, covering shortfalls if Anthropic defaults, while lease payments service debt repayments.
The financing follows Anthropic’s confidential IPO filing and a recent funding round that valued the Claude developer at $965 billion.