Broadcom seeks over $60B in debt for AI chip financing deal

Broadcom is in talks to raise more than $60 billion in senior debt through a special-purpose vehicle to finance AI chip purchases and lease them to companies like Anthropic, with the total structure potentially reaching $100 billion when including junior debt. The financing, which may be staged across multiple tranches, could eventually scale to $370 billion by mid-2029, according to forecasts, and has already caused Broadcom shares to drop 6% in mid-August. Blackstone and Apollo Global Management are reportedly in discussions to participate, following their $35 billion private credit arrangement with Broadcom in June 2026.

Via 247wallst.com Broadcom seeks over $60B in debt for AI chip financing deal The chipmaker is building an off-balance-sheet financing vehicle that could eventually scale to nearly $100 billion in total debt, with Anthropic as a key beneficiary. Broadcom is in talks to raise more than $60 billion in senior debt through a special-purpose vehicle designed to finance AI chip purchases and lease them to companies like Anthropic. When you add in roughly $30 billion in junior debt being discussed alongside it, the total structure inches toward $100 billion. How the deal is structured The financing architecture relies on off-balance-sheet special-purpose vehicles. The SPV would purchase AI chips, including custom Tensor Processing Units developed in Broadcom’s partnership with Google, and then lease them to AI companies. The senior-secured tranche alone is estimated at between $60 billion and $70 billion, backed by Broadcom. Layer on the junior debt and you’re looking at a financing package that dwarfs most corporate debt offerings in history. Blackstone and Apollo Global Management are reportedly in discussions to participate in this round. Back in June 2026, the two firms teamed up with Broadcom on a $35 billion private credit arrangement specifically targeting Anthropic’s compute infrastructure. Broadcom provided guarantees on that deal, essentially vouching for the creditworthiness of the whole structure. Rather than executing the entire package in one shot, the financing may be staged across multiple tranches. Why Broadcom is playing banker For Anthropic, the arrangement solves a persistent headache for AI startups: getting access to enough compute without hemorrhaging cash on hardware purchases. Leasing chips through an SPV lets companies like Anthropic scale their training infrastructure without the full upfront capital expenditure hitting their balance sheets either. Some forecasts suggest this financing vehicle could eventually support as much as $370 billion in senior debt by mid-2029, particularly if it scales to meet demand estimated at 20 gigawatts of computing capacity. That projection spooked investors enough to send Broadcom shares down 6% in mid-August. The bigger picture for AI infrastructure The $35 billion Apollo-Blackstone deal from June already marked a milestone in private credit’s embrace of AI infrastructure. Scaling that model to $100 billion, with a potential runway toward $370 billion, would make this one of the largest private credit structures ever assembled for a single sector. Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy https://cryptobriefing.com/editorial-policy/ .