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Apollo and Blackstone offer $36bn debt deal to fund Anthropic’s chips
▼ Summary
– Apollo Global Management and Blackstone are arranging roughly $36 billion in debt for Anthropic.
– The debt does not appear on Anthropic’s balance sheet; it buys chips that are then leased back.
– The deal involves additional investors brought in by the two firms.
The key to understanding Anthropic’s latest financial maneuver lies in recognizing who is not actually taking on the debt. Apollo Global Management and Blackstone are orchestrating a massive $36 billion debt package, but the loan won’t appear on Anthropic’s books. Instead, the funds will be used to purchase AI chips, which will then be leased back to the company. The two investment giants are also bringing in additional investors to participate in the deal.
(Source: The Next Web)
