Wall Street banks and Blackstone arrange $63 billion financing for Broadcom‑leased AI chips to Anthropic
On October 26 2026 a consortium of lenders – Blackstone, Bank of America, Citigroup and Morgan Stanley – agreed to provide a $63 billion credit facility that will purchase Broadcom’s AI accelerators and networking gear for lease to Anthropic. Broadcom will back the first‑lien portion of the loan, roughly $43.5 billion, with a residual‑value guarantee, and has previously pledged up to $29 billion on an earlier tranche. The equipment lease is projected to generate about $125.2 billion in rent over five years, with deliveries slated to begin in 2027.
Why it matters
The structure shifts the risk of AI hardware depreciation onto Broadcom, adding to its balance‑sheet exposure while the lenders gain protection through the guarantee. Broadcom’s debt, which stood at $66.5 billion at the end of fiscal 2025, and its cash of $24.0 billion, mean the deal could affect its credit metrics and shareholder returns.
Key facts
- 1The financing package totals $63 billion and was announced on October 26 2026. 247wallst.com
- 2The lenders involved are Blackstone, Bank of America, Citigroup and Morgan Stanley. 247wallst.com
- 3Broadcom will provide a residual‑value guarantee covering the full amount of the first‑lien tranche, about $43.5 billion. finance.yahoo.com
- 4Broadcom previously committed a backstop of roughly $29 billion on a $35 billion tranche earlier in the year. finance.yahoo.com
- 5Anthropic’s lease payments are estimated at $125.2 billion over a five‑year period. econotimes.com
- 6Broadcom’s AI semiconductor revenue reached $16.70 billion, up 221 % year‑over‑year. 247wallst.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.