ChainThink report, on June 7, according to Bloomberg, Anthropic PBC has finalized a $35 billion debt financing package with Apollo Global Management Inc. and Blackstone Inc., the funds intended for procuring Google-customized TPUs and leasing them to expand artificial intelligence infrastructure.

According to informed sources, this debt financing was structured into three distinct tranches with differentiated pricing.

Broadcom will provide payment guarantees for the largest senior debt tranche of the transaction, while Morgan Stanley serves as financial advisor and assists in structuring and arranging the financing; approximately half of the $35 billion debt facility has already been syndicated to other investors for co-ownership.

This financing arrangement ranks among the largest private credit transactions in history, underscoring the intense competition among top-tier financial institutions to fund AI data center construction and associated chip requirements, reflecting the unprecedented capital demand in the AI sector, where technology firms are increasingly leveraging credit markets through diverse financing channels, and Wall Street continues innovating complex debt structures to meet the surging demand for capital.