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Blackstone eyes $36B private-credit deal for Anthropic AI chips

8/5/2026

Summary

Story summary

Blackstone is in early talks on a $36 billion private-credit package to finance Anthropic’s lease of Google’s custom AI chips.
The deal follows a $35 billion June 2026 debt facility arranged by Apollo Global Management and Blackstone for Anthropic’s first gigawatt of TPU compute.
If completed, it would be the largest private-credit transaction ever, with Broadcom guaranteeing senior debt and a special-purpose vehicle keeping chip debt off Anthropic’s balance sheet.

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Story summary

Blackstone is in early talks on a $36 billion private-credit package to finance Anthropic’s lease of Google’s custom AI chips.
The deal follows a $35 billion June 2026 debt facility arranged by Apollo Global Management and Blackstone for Anthropic’s first gigawatt of TPU compute.
If completed, it would be the largest private-credit transaction ever, with Broadcom guaranteeing senior debt and a special-purpose vehicle keeping chip debt off Anthropic’s balance sheet.