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Anthropic

Anthropic Eyes 0B+ Credit Line Ahead of Planned Public Listing

Anthropic is working to expand its revolving credit facility beyond an initial $10 billion target as it prepares for a planned initial public offering, according to reporting from Bloomberg. Wall Street investment banks are actively competing for lending allocations in the facility to improve their positioning for underwriting mandates on the eventual share sale. Under the framework currently under discussion, Anthropic has asked lead banks to commit approximately $1.25 billion each. Secondary

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Anthropic Eyes 0B+ Credit Line Ahead of Planned Public Listing

Anthropic is working to expand its revolving credit facility beyond an initial $10 billion target as it prepares for a planned initial public offering, according to reporting from Bloomberg. Wall Street investment banks are actively competing for lending allocations in the facility to improve their positioning for underwriting mandates on the eventual share sale.

Under the framework currently under discussion, Anthropic has asked lead banks to commit approximately $1.25 billion each. Secondary syndicate participants are being encouraged to commit around $1.0 billion, while less active syndicate members would provide allocations of $750 million or less. The final total of the credit line remains subject to ongoing negotiations and could be adjusted based on demand.

Syndicate Banking Allocations

The proposed $10 billion-plus facility represents a fourfold expansion over the $2.5 billion, five-year credit line Anthropic secured in 2025. That prior facility included participation from a consortium of global institutions, including Morgan Stanley, Goldman Sachs, JPMorgan Chase, Barclays, Citigroup, Royal Bank of Canada, and Mitsubishi UFJ Financial Group.

The move comes as the company continues to formalize its capital structure ahead of a public debut. Anthropic previously engaged Morgan Stanley, Goldman Sachs, and JPMorgan to assist with IPO planning after reaching an annualized revenue run rate of $65 billion.

Sources

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