IT Home October 19 news: According to a report by CCTV Finance citing the UK's Financial Times from the 16th,the US artificial intelligence company Anthropic is offering a yield of over 10%to attract Blackstone to provide financing for its chip deals.
This debt financing totaling US$60 billion (IT Home note: approximately RMB 402.175 billion at current exchange rates) is divided into two parts:First, approximately US$42 billion (approximately RMB 281.522 billion at current exchange rates) of priority debt, guaranteed by the semiconductor company Broadcom. Bank of America, Citigroup, and Morgan Stanley have already launched the syndicated distribution.Second, US$18 billion (approximately RMB 120.652 billion at current exchange rates) of subordinated debt。
Informed sources say that Blackstone's funds will invest US$9 billion (approximately RMB 60.326 billion at current exchange rates) in purchasing the subordinated debt, with a coupon of 10%, and after accounting for the new-issue discount and other fees, the total return rate is even higher. The remaining US$9 billion (approximately RMB 60.326 billion at current exchange rates) of subordinated debt is expected to be distributed with Blackstone's assistance in the coming months, but the yield may be lower.
The report points out that just four months ago, Anthropic issued approximately US$4.4 billion (approximately RMB 29.493 billion at current exchange rates) of debt in a similar deal, with a yield of 8.5%. The rise in borrowing costs for this financing reflects investors demanding a higher risk premium when financing AI infrastructure, and also highlights the pressure brought by tech companies' enormous short-term funding needs.
IT Home notes that Anthropic is planning one of the largest IPOs in history. The company will go public under the legal structure of a Public Benefit Corporation (PBC), which requires management to pursue commercial returns for investors while also taking into account broader public interests.
This company, which positions itself as safety-first, frequently emphasizes the risks associated with its AI models — most recently in its IPO prospectus, where it stated that these models may exhibit 'self-preservation behavior.' Counting the newly established fund, Anthropic will have about 20% of its shares cumulatively dedicated to public purposes, not including any additional shares that may be allocated when future valuation milestones are reached.
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