Anthropic Nears $15 Billion Credit Line, Advances IPO Fundraising Plans
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TradingKey – According to a Bloomberg report, AI company Anthropic is close to finalizing a revolving credit facility of approximately 15 billion US dollars, further paving the way for its upcoming IPO filing. People familiar with the matter stated that Morgan Stanley (MS) will lead the financing, while Goldman Sachs (GS), JPMorgan Chase (JPM), and Citigroup (C) will also play key roles. As previously reported, these four banks are also expected to serve as lead underwriters for Anthropic's IPO. Anthropic originally planned to secure a revolving credit facility of approximately 10 billion US dollars, but strong interest from banks could expand the final financing volume to 15 billion US dollars. Barclays (BCS) and Wells Fargo (WFC) are also expected to play key roles in the credit facility, with Bank of America, Deutsche Bank, Royal Bank of Canada, and UBS among other participants. However, as banks are still finalizing their commitment amounts, the credit facility is not yet definitively closed, and individual terms may still change. The volume of this financing significantly exceeds the 2.5 billion US dollar five-year loan that Anthropic secured last year. This indicates that the company is preparing funding in anticipation of significant capital market activity. Typically, large corporations arrange revolving credit facilities before formally determining the roles of...
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