Wall Street Journal ·

Broadcom CEO Hock Tan held 11th-hour talks and agreed to higher rates and loan guarantees to secure bank participation in the $63B Anthropic debt deal

The deal, announced on Monday, is the biggest ever to raise money for AI infrastructure

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Broadcom CEO Hock Tan held 11th-hour talks and agreed to higher rates and loan guarantees to secure bank participation in the $63B Anthropic debt deal

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Wall Street Journal — Broadcom CEO Hock Tan held 11th-hour talks and agreed to higher rates and loan guarantees to secure bank participation in the $63B Anthropic debt deal ↗

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Oct 27Oct 28

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Bloomberg: Bloomberg

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Broadcom Inc.: Broadcom Inc.

The Elec: The Elec

Chip Briefing: Chip Briefing

Bloomberg: Bloomberg

Proactive: Proactive

DatacenterDynamics: DatacenterDynamics

Pulse 2.0: Pulse 2.0

Wccftech: Wccftech

Reuters: Reuters

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Related stories

Bloomberg: Broadcom is in talks with a group of lenders to raise $60B+ in debt for an AI chip financing deal that will benefit Anthropic and other companies

Reuters: IPO prospectus: Broadcom agreed to lend Anthropic up to $42B via a convertible note that could help finance Anthropic's $125.2B, five-year TPU lease commitment

Wall Street Journal: Broadcom has been working to arrange more than $50B in financing for OpenAI's custom AI chip; Oracle is in talks on financing for a big chip purchase

Bloomberg: Broadcom's Wall Street syndicate is amassing $60B in AI chip financing to help Anthropic and others access chips and other key AI infrastructure

Wall Street Journal: How Anthropic co-founder Tom Brown used GOP ties to end a June standoff over model safety and win over Musk, brokering a $1.25B/month SpaceX compute deal

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