Sources: Broadcom CEO Hock Tan held 11th-hour talks and agreed to higher rates and loan guarantees to secure bank participation in the $63B Anthropic debt deal (Wall Street Journal)

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Broadcom CEO Hock Tan held 11th-hour talks and agreed to higher rates and loan guarantees to secure bank participation in the $63B Anthropic debt deal, according to sources cited by the Wall Street Journal. The deal, announced on Monday, is the biggest ever to raise money for AI infrastructure.

Key sources

SOURCE@ajsaeedyOct 27, 8:32 AM“Some banks were getting ready to walk from the mega-deal, but Tan promised them to pay them more.”x.com
SUPPORT@reutersOct 27, 4:30 AM“Wall St banks, Blackstone line up $63 billion to finance Broadcom AI chips for Anthropic”x.com
SUPPORT@milkroadaiOct 27, 4:05 AM“Broadcom is providing residual value support equal to the entire first lien portion, which means it is effectively guaranteeing what those chips will be worth later.”x.com
SUPPORT@ftOct 17, 7:57 AM“Anthropic offers Blackstone double-digit yield in latest chip financing”x.com
SUPPORT@edzitronOct 23, 5:46 AM“They’ve got $9bn in junior debt in one of Anthropic’s chip deals, no backstop from Broadcom”x.com
SUPPORT@zerohedgeOct 27, 10:50 AM“if Anthropic defaults on the loans, nothing will protect the banks”x.com
SUPPORT@hedgiemarketsOct 18, 1:15 AM“The Broadcom-backed senior debt in June’s deal priced around 5.75%”x.com
SUPPORT@tengyanaiOct 18, 8:49 AM“blackstone takes $9B of the $18B junior tier, with fees pushing its yield above 10%.”x.com

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