Broadcom and Blackstone jointly raise $60 billions to pave the way for AI compute power for companies such as Anthropic

Broadcom is leading the organization of a $60 billion debt financing, aiming to provide funding for Anthropic and other artificial intelligence companies to purchase chips and build data centers. The size of the deal ranks among the largest debt financing transactions in the AI chip sector.

On October 2, according to Bloomberg citing sources familiar with the matter, Broadcom is working with Wall Street banks on this financing, of which $42 billion is intended to be issued as Class A senior secured bonds, to be distributed by bank syndicates to investors; the remaining $18 billion will consist of Class B subordinated debt, led by Blackstone.

This financing has been in preparation for several weeks and has not yet been officially announced. The deal comes as AI infrastructure investment fever faces a market test. As public opposition triggered by data center construction continues to grow, Wall Street and Silicon Valley are closely watching whether investor demand for AI expansion financing can be sustained.

Parallel Approach with Senior and Subordinated Debt

This round of financing is divided into two tiers. The $42 billion of Class A senior secured bonds will be distributed by a Wall Street bank syndicate organized by Broadcom, while the $18 billion of Class B subordinated debt is led by Blackstone, which will anchor the investment with $9 billion from its own funds and raise the rest from external syndicate investors.

This financing will help Anthropic and other AI companies acquire chips and other key infrastructure resources, and is the latest example of the recent surge in debt financing for AI infrastructure. So far, the total debt financing for AI infrastructure construction has reached hundreds of billions of dollars, with most of it directed toward data centers and an increasing number of financing deals for chips, servers, and other equipment.

In August of this year, NVIDIA announced a partnership with six large financial institutions, including Blackstone, to mobilize over $500 billion in support of the AI industry, including helping clients finance the purchase of NVIDIA chips. Broadcom’s move to pursue a similar financing arrangement further expands the channels for financial capital to enter the AI chip and data center equipment sector.