Bank of America, Citigroup, and Morgan Stanley began syndicating a record $60 billion debt package Monday to back Anthropic’s lease of Google semiconductors, the Financial Times reported. The package is billed as the largest chip-financing deal yet and a test of lender appetite for AI infrastructure debt.
The Monday launch expands the Broadcom-Anthropic financing AI Tech Daily covered on Oct. 1, when Anthropic’s IPO prospectus said Broadcom agreed to lend the lab up to $42 billion tied to chip leases.
Syndication opened Monday, per the FT account, with $42 billion in senior secured loans backed by Broadcom’s A-minus credit rating, a structure that could later move into private placement or investment-grade bond markets. An $18 billion junior tranche without Broadcom guarantees is expected to launch later, with Blackstone already committing about $9 billion and helping syndicate the rest.
The capital is meant to fund Anthropic’s advanced chip orders scheduled for 2027 delivery, with lease payments starting only after the hardware is fully deployed. The chips are custom tensor processing units co-developed by Broadcom and Google, and Broadcom disclosures still describe a path for Anthropic to issue up to $42 billion in convertible notes to Broadcom against lease obligations.
Bloomberg reported the outlines on Oct. 2, before launch: a Wall Street syndicate gathering $60 billion for Anthropic and other companies, with the same three banks preparing syndication letters on a $42 billion Class A senior-secured tranche and Blackstone leading an $18 billion Class B junior slice while committing $9 billion from various funds. Broadcom and the banks declined to comment to Bloomberg then.
The junior slice leaves lenders more directly exposed to Anthropic’s credit, according to the FT, and underwriters may wait on broader marketing until after the startup’s planned IPO later this year.
Sources
- Financial Times: Wall Street banks launch record $60bn chip deal for Broadcom and Anthropic (October 5, 2026)
- Investing.com: Wall Street tests lender appetite with $60 billion Broadcom-Anthropic deal – FT (syndication)
- Bloomberg Law: Broadcom Amassing $60 Billion to Fund Chips for Anthropic (October 2, 2026)
- Business Times: Broadcom amassing US$60 billion to fund chips for Anthropic (Bloomberg reprint, October 3, 2026)
- AI Tech Daily: Broadcom to lend Anthropic up to $42 billion to lease chips (October 1, 2026 / post 4211)