Anthropic Offers Blackstone High Yield for Chips
Anthropic is reportedly offering Blackstone a yield exceeding ten percent to back a nine billion dollar chip financing agreement. Blackstone funds would invest in debt secured by lease payments.
Insights:
Anthropic is offering Blackstone a yield of more than 10% to finance a $9 billion chip deal, according to a Friday report by the Financial Times. The private credit financing relies on debt backed by Anthropic's five-year lease payments on specialized hardware. High-yield artificial intelligence infrastructure financing highlights the aggressive capital expenditure race among frontier model developers.
