By The Business Times
Publication Date: 2026-10-03 06:15:00
Banks involved in the massive debt package include Bank of America, Citigroup and Morgan Stanley
Published Sat, Oct 3, 2026 · 02:15 PM
[NEW YORK] Broadcom’s Wall Street syndicate is starting to gather US$60 billion of fresh artificial intelligence chip financing to benefit Anthropic and other companies, according to people with knowledge of the matter.
Banks involved in the massive debt package, including Bank of America, Citigroup and Morgan Stanley, are poised to send out syndication letters for a US$42 billion Class A senior-secured tranche, the people said, asking not to be identified discussing the deal, which has yet to be announced.
Broadcom will provide so-called residual value support that effectively backstops that portion of the financing, the people said.
Blackstone is leading an US$18 billion tranche of Class B junior debt, committing US$9 billion from various funds, the people said. The remainder of that tranche will also be syndicated, they added.
Representatives for…
