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Broadcom Seeks More than $60 Billion in Latest AI Debt Deal, Bloomberg News Reports
The debt package could reach $100 billion and would help Anthropic and other companies secure AI chips and infrastructure, sources said.
- Broadcom is in talks with a group of lenders to raise more than $60 billion in debt for an AI chip financing deal that will benefit Anthropic and other companies, according to people with knowledge of the matter.
- Blackstone and Apollo Global Management are in talks to participate in the chip financing, following a partnership the three companies struck in June to help finance computing infrastructure.
- Under the proposed plan, Broadcom would guarantee a senior-secured tranche ranging from $60 billion to $70 billion, potentially bringing the total to $100 billion and including a roughly $30 billion junior debt tranche.
- Broadcom shares rose as much as 1.1 percent in late trading after Bloomberg News reported on the discussions, reflecting investor optimism about the chipmaker's competitive positioning.
- Broadcom's valuation has soared in recent years, propelled by agreements to make custom AI chips for firms like OpenAI, with the company expecting AI chip sales to top $100 billion next year.
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Broadcom seeks $60bn of debt for Anthropic's chips
Broadcom is in talks with lenders to raise more than $60bn in debt, Bloomberg reported on Thursday. The money would finance AI chips for Anthropic and other companies. Bloomberg cited people with knowledge of the matter. The figures under discussion could take the total as high as $100bn. Talks are continuing and the terms may […] This story continues at The Next Web
·Amsterdam, Netherlands (Kingdom of the)
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(Seoul = Yonhap News) Reporter Seol Won-tae = U.S. semiconductor company Broadcom is discussing raising more than $60 billion (approximately 84 trillion won) in debt with a syndicate of lenders, Bloomberg...
·Seoul, Korea (the Republic of)
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Coverage Details
Total News Sources17
Leaning Left1Leaning Right6Center3Last UpdatedBias Distribution60% Right
Bias Distribution
- 60% of the sources lean Right
60% Right
C 30%
R 60%
Factuality
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