debt financing

Wall Street, Blackstone line up $63B for Anthropic chips

Bank of America, Blackstone, Citi Citigroup Inc. and Morgan Stanley said on Monday, October 26, that they will provide $63 billion to buy Broadcom's AI chips and networking gear for Anthropic. Reuters called it one of the largest debt deals…

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Broadcom seeks over $50B to fund OpenAI chips, WSJ says

The Wall Street Journal News Corp reports that Broadcom is putting together more than $50 billion in financing for the custom AI chip it is building with OpenAI. If completed, the deal would be one of the largest debt packages…

Banks begin selling record $60B Anthropic chip debt

Wall Street banks began selling off pieces of a $60 billion debt package on Monday, Oct. 5. The money will pay for Anthropic's lease of Google-designed chips. The Financial Times reported that it is the largest chip-financing deal to date,…

Broadcom banks begin raising $60B for Anthropic chips

Banks working for Broadcom have started raising $60 billion in new debt to pay for AI chips that will benefit Anthropic and other companies, Bloomberg News reported, citing people familiar with the matter. A day earlier, Reuters reported that a…

JPMorgan, Goldman push into European AI debt financing

JPMorgan Chase and Goldman Sachs The Goldman Sachs Group, Inc. are positioning themselves to finance billions of dollars in European AI-related debt, assembling specialist teams to pitch deals to data-center operators and investors as the continent scrambles to build its…

SoftBank secures upsized $11.9B loan for OpenAI bet

SoftBank Group has secured an $11.87 billion loan to fund its investment in OpenAI, exceeding its original $10 billion target by nearly 19%, according to Bloomberg. The two-year facility attracted commitments from around 20 banks and was finalized during the…

SoftBank to court investors for up to $20B junk bond sale

SoftBank Group is preparing to meet with investors in New York next week to test appetite for what could be one of the largest junk-bond offerings in history, as the Japanese conglomerate scrambles to refinance a massive loan backing its…

Moody’s, Jefferies warn of credit risks in Big Tech’s AI debt binge

The credit risks lurking beneath the artificial intelligence infrastructure boom moved into sharper focus this week as both Moody's Ratings and Jefferies issued warnings about the mounting debt loads of America's largest technology companies.