Bank of America, Blackstone, Citi and Morgan Stanley Announce Landmark $63 Billion Financing Structure to Enable AI Compute Capacity in Partnership with Broadcom
Bank of America, Blackstone, Citi and Morgan Stanley announced a $63 billion financing structure to fund AI compute capacity for Anthropic, built on Broadcom's XPU AI accelerators and networking technology. The deal runs through a newly formed SPV, with a first lien arranged by the three banks and Blackstone as sole second-lien provider; deliveries under the pre-existing Broadcom-Anthropic compute agreement begin in calendar 2027.
Key figures
- Deal Value Usd
- $63 billion
- Spv structure
- first lien arranged by BofA, Citi, Morgan Stanley; second lien solely by Blackstone
- Delivery start
- calendar 2027
- Residual value support
- Broadcom supports SPV residual value equal to first lien amount
AI analysis
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