Banks are preparing to syndicate about $60 billion of fresh financing tied to Broadcom AI chips for Anthropic and other companies, people familiar with the unannounced deal told Bloomberg on Oct. 2. The package is described as about $42 billion of Class A senior-secured debt, with syndication letters poised to go out, plus an $18 billion Class B junior tranche that Blackstone is leading, including a $9 billion commitment from its funds and the rest still to be placed. Bloomberg said Broadcom and Blackstone declined to comment. The wire did not name the other customers, and it did not disclose price, tenor, or covenants.
A later Bloomberg update the same afternoon named Bank of America, Citigroup, and Morgan Stanley among the banks and said Broadcom will provide residual-value support that “effectively backstops that portion” of the financing. That sentence, as available outside the paywall, is incomplete, so this piece does not fill it in. Earlier republications of the same story did not include those bank names or the backstop line.
This is not the separate Oct. 1 report, from Reuters, that Anthropic’s still-unreleased IPO prospectus says Broadcom has agreed to lend Anthropic up to $42 billion in convertible notes, with no notes expected before an IPO. Broadcom’s own quarterly filing for the period ended Aug. 2 says an unnamed customer may, if needed, issue it convertible notes up to $42 billion, and that none had been issued as of that date. The $42 billion figure shows up in both accounts. Nothing in the sources read for this piece establishes that today’s Class A tranche is those customer notes to Broadcom, so they are kept apart and not added together.
What is public so far is a people-familiar account of letters about to go, not a closed financing and not an Anthropic offering.