Morgan Stanley, Bank of America, Citi and Blackstone commit $63 billion financing for Anthropic AI compute capacity
BAC•Morgan Stanley, Bank of America, Citi and Blackstone joined a $63 billion financing transaction to support AI compute capacity for Anthropic. A special purpose vehicle will buy Broadcom accelerators and networking solutions for lease to Anthropic, with deliveries expected to start in 2027.
1. Financing structure
A newly formed special purpose vehicle will buy Broadcom XPU AI accelerators and networking solutions for lease to Anthropic. Morgan Stanley, Bank of America and Citi are arranging first lien financing, while Blackstone is the sole provider of the committed portion of second lien financing. Broadcom will provide residual value support equivalent to the first lien financing amount. Deliveries under Broadcom’s previously announced strategic compute capacity agreement are expected to start in calendar 2027.
