Anthropic is set to finalize a $15 billion pre-IPO revolving credit facility, paving the way for its initial public offering (IPO).
1 hours ago
Beating AI News Flash: According to Bloomberg’s report citing people familiar with the matter, AI company Anthropic is on the verge of finalizing an expansion of its revolving credit facility to $15 billion, a move that clears a major hurdle for its highly anticipated U.S. public IPO filing. The new facility is significantly larger than the company’s earlier target of roughly $10 billion, and also exceeds the $2.5 billion five-year revolving credit line it obtained last year. Morgan Stanley is leading the credit arrangement, with Goldman Sachs, JPMorgan Chase, and Citigroup serving as key participants; these four institutions are also the primary underwriters for Anthropic’s upcoming IPO, while Barclays and Wells Fargo are expected to play critical roles as well. Sources added that the total funds Anthropic aims to raise via its IPO may reach or even exceed that of SpaceX. The company’s current annualized revenue stands at over $65 billion, though the specific IPO size and credit arrangement details remain subject to change.
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