Wall Street banks have started buying and selling an initial piece of a $35 billion financing package for Broadcom Inc. and Anthropic PBC’s AI infrastructure expansion. Banks including Bank of America Corp. and Morgan Stanley have been trading parts of the debt over the past week, and Apollo Global Management Inc. has also been marketing the debt to institutional investors. The debt deal reflects how financing for the artificial intelligence buildout spans public and private credit markets as capital spending shows no signs of abating and tech companies race to expand their AI footprint.
- Wall Street banks are actively trading parts of a $35 billion financing package for Broadcom and Anthropic's AI infrastructure expansion.
- This significant private credit deal, arranged by Apollo Global Management, involves a special purpose vehicle purchasing custom AI chips.
- The financing spans public and private credit markets, utilizing a delayed draw format and trading within the 144a market for qualified investors.
Topics: Asset types, Institutional adoption, Private market, Financial instruments, Banking depository pilots, Private credit debt funds
Tags: #aichipdeal #broadcom #anthropic #privatecredit #debtfinancing #wallstreetbanks #apolloglobalmanagement #institutionalinvestors #delayeddraw #144amarket