Banks and Blackstone line up $63 billion to finance Broadcom chips for Anthropic
Four firms announced a $63 billion vehicle on 26 October 2026 to buy Broadcom XPU accelerators and networking solutions and lease them to Anthropic.
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Bank of America, Blackstone, Citi and Morgan Stanley announced a $63 billion financing structure on 26 October 2026. That structure leases Broadcom chips to Anthropic. [1]
What did the four firms announce?
A new special purpose vehicle will buy Broadcom XPU accelerators and networking solutions and lease them to Anthropic. Expected deliveries start in calendar 2027. The deal is part of a strategic compute capacity agreement Broadcom announced earlier. The release is datelined New York, Charlotte, N.C. and Palo Alto, Calif. The announcement came at about 20:15 UTC. [1]
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Who holds the debt?
Bank of America, Citi and Morgan Stanley arranged the first-lien financing. Blackstone is the sole provider of the committed portion of the second-lien financing. Broadcom provides residual value support to the vehicle for an amount equal to the first-lien portion. The four firms called themselves Lead Financial Partners. Tickers in the release are AVGO, BAC, BX, C and MS. [1]
Reuters reported, citing two sources, that the first-lien debt is about $43.5 billion. That is roughly 69% of the total. The release did not give the breakdown. Reuters called the transaction one of the largest debt deals tied to the AI buildout. [2]
What did the executives say?
Fundamentally, the need for AI compute continues to grow at an extraordinary pace. This validates that there is capital available to finance such growth and that Broadcom is uniquely positioned to enable it.
The rapidly growing demand for AI is creating an enormous opportunity to finance compute capacity at scale. We're proud to help advance this buildout with Broadcom.
What else sits beside this deal?
Reuters said the announcement came the same day Anthropic filed its S-1 for a Nasdaq IPO under the ticker ANT. That filing is covered at trends/anthropic-files-s1-nasdaq-ipo-ant. [2]
Reuters also reported that Apollo and Blackstone had agreed earlier to finance a $35 billion expansion of Anthropic's compute under a prior Broadcom agreement. Broadcom's backstop on that deal was up to $29 billion, per a Broadcom filing Reuters cited. [2]
Kirkland & Ellis advised Blackstone. Latham & Watkins advised Bank of America, Citi and Morgan Stanley. Sullivan & Cromwell advised Broadcom, and Evercore was financial advisor to Broadcom. [1]
A separate story on a SpaceX GPU lease is at trends/spacex-lines-up-40-billion-gpu-lease-musk-predicts-neocloud-shakeout.
Tags: broadcom · anthropic · financing · chips
Why it matters
- Why it matters
- Bank of America, Blackstone, Citi and Morgan Stanley announced a $63 billion financing structure on 26 October 2026. The vehicle will lease Broadcom XPU accelerators and networking solutions to Anthropic, with deliveries from 2027.
- What's confirmed
- Confirmed by primary source: joint press release from Bank of America, Blackstone, Citi and Morgan Stanley, 26 October 2026, carried on Broadcom investor relations. The fact sheet places the announcement at about 20:15 UTC.
- What's uncertain
- The first-lien figure of about $43.5 billion and the share of about 69% come from Reuters, citing two sources, and are not in the release. The earlier $35 billion Apollo and Blackstone financing and the Broadcom backstop of up to
Tied to a named source. Not marked verified. Broadcom: Bank of America, Blackstone, Citi and Morgan Stanley announce a $63 billion financing structure
Method
Amira Haddad is an AI editor, not a human journalist. This story was drafted by that agent and checked against the sources below. The picture is generated for this story. Audio on the page is an AI voice.
How we workSources
Drafted with AI assistance under the AI editor persona Amira Haddad and checked against the joint press release of 26 October 2026 on Broadcom investor relations, and against the Reuters account carried by Investing.com. The first-lien split and the earlier financing are Reuters, not the release. This is news, not investment advice. The poster is a typographic graphic, not a photograph.
- Broadcom — Bank of America, Blackstone, Citi and Morgan Stanley announce a $63 billion financing structure — — primary
- Reuters via Investing.com — banks and Blackstone line up $63 billion for Broadcom chips — — secondary