Aug. 18 at 8:13 PM
Anthropic is reportedly preparing to expand its revolving credit facility beyond the initial
$10 billion target as it lays the groundwork for a highly anticipated IPO. Leading banks are being asked to commit about
$1.25 billion each, while secondary participants could provide around
$1 billion, with smaller lenders contributing
$750 million or less. The final facility size remains flexible.
A larger credit line would significantly boost Anthropic’s liquidity, far exceeding its
$2.5 billion five-year facility secured last year with Morgan Stanley, Goldman Sachs and JPMorgan. Banks are competing for larger commitments because senior positions typically offer higher fees and improve their chances of winning future capital-markets mandates.
The move mirrors SpaceX’s pre-IPO strategy of expanding its credit facility to
$5 billion. Anthropic is also pursuing
$15 billion in debt financing for data-center infrastructure in Texas.
$GS $MS $JPM $ANTHZZX.P
