By Shashank Nayar
Publication Date: 2026-10-26 22:50:00
Bank of America, Blackstone, Citigroup, and Morgan Stanley have arranged a record $63 billion specialized financing package with Broadcom.
- A syndicate of premier financial institutions created a dedicated special purpose vehicle (SPV) to buy Broadcom custom AI processors and networking gear, which will be leased directly to Anthropic.
- Bank of America, Citigroup, and Morgan Stanley are arranging the first-lien senior debt; Blackstone is providing the second-lien financing.
- Shipments of the Broadcom XPU AI accelerators and networking equipment are expected to start in calendar year 2027 under a previously announced compute capacity agreement.
A consortium of major Wall Street financial institutions and chipmaker Broadcom Inc. (AVGO) announced a landmark $63 billion financing arrangement Monday to supply hardware to artificial intelligence startup Anthropic.
The agreement brings together Bank of America Corp.(BAC), Blackstone Inc.(BX), Citigroup Inc.(C), and Morgan Stanley (MS) to…