Apollo and Blackstone Finalize $35 Billion Anthropic Financing on June 5

According to Bloomberg, Apollo Global Management and Blackstone finalized a US$35 billion financing package for Anthropic on June 5. The deal includes US$6 billion of A1 notes, US$24 billion of A2 notes, and US$4.5 billion of B notes, plus US$800 million in equity from Apollo's structured-finance unit.

Broadcom will guarantee payments on the US$30 billion senior portion of the debt, a structure designed to lower borrowing costs. Roughly half of the debt was syndicated to other investors.