Wall Street banks launch record $60 billion chip financing package for Anthropic

Wall Street has found a new way to pay for the AI boom: borrow for it, then rent it out. Banks are syndicating a record $60 billion debt financing package to fund AI chip purchases and infrastructure leases, primarily for Anthropic. The money flows toward Broadcom’s custom silicon. It arrives in the same week Anthropic’s IPO prospectus became public, which makes the timing hard to ignore. How the $60 billion stack is built The top layer is a $42 billion Class A senior-secured tranche. Bank of America, Citigroup and Morgan Stanley are among the major banks marketing it to investors. Below that sits an $18 billion Class B junior tranche led by Blackstone. The private equity giant is committing $9 billion of its own money to that slice. As of October 2, 2026, the package was being syndicated. Lease, don’t buy Anthropic is not writing a check for chips outright. Instead, investors fund chip purchases through a special-purpose vehicle. That vehicle owns the hardware and then leases it to Anthropic. Anthropic’s IPO prospectus, filed around October 1, 2026, added more detail. It noted that Broadcom may commit to provide up to $42 billion in lending, potentially convertible into Anthropic ...