Four Financial Firms Arrange 63 Billion Dollar AI Financing Deal

Four major financial firms have announced a 63 billion dollar financing structure involving Broadcom to expand artificial intelligence computing capacity for Anthropic. Announced on October 26, 2026, the arrangement will fund the purchase of Broadcom XPU AI accelerators and networking solutions, which will be leased to Anthropic through a newly established special purpose vehicle.

Bank of America, Citi and Morgan Stanley are arranging the first-lien financing, while Blackstone will be the sole provider of the committed portion of the second-lien financing. Broadcom will provide residual value support to the special purpose vehicle equivalent to the first-lien financing amount.

The structure brings together technology infrastructure and institutional financing to support the expansion of computing resources required for AI development. The companies described the arrangement as a collaboration between the financial and AI technology sectors.

Jon Gray, President and COO of Blackstone, said demand for AI computing infrastructure is creating significant financing opportunities.

"The rapidly growing demand for AI is creating an enormous opportunity to finance compute capacity at scale. We're proud to help advance this buildout with Broadcom." Jon Gray, President and COO of Blackstone, said.

Gray's remarks emphasized the role of large-scale financing in expanding computing infrastructure alongside Broadcom's technology offerings.

Dan Simkowitz, Co-President of Morgan Stanley, described the transaction as a milestone in financing the next phase of AI infrastructure development.

"This transaction represents an important milestone in enabling the next buildout of AI compute capacity. Morgan Stanley has been at the forefront of innovation in designing scalable capital solutions for AI infrastructure, and we are proud to continue to advance new financing structures through this transaction." Dan Simkowitz, Co-President of Morgan Stanley, said.

Simkowitz highlighted the firm's work on financing arrangements designed to support large-scale AI infrastructure projects.

Vis Raghavan, Head of Banking and Executive Vice Chair at Citi, said financing AI infrastructure requires capital solutions capable of supporting unprecedented investment needs.

"Financing AI demands capital solutions at unprecedented scale. Citi is proud to pioneer innovative structures and leverage our global capital markets structuring and distribution expertise to help accelerate the buildout of critical AI infrastructure that will power the future of technology for years to come." Vis Raghavan, Head of Banking and Executive Vice Chair at Citi, said.

Raghavan pointed to Citi's capital markets structuring and distribution capabilities as part of its contribution to the financing arrangement.

Jim DeMare, Co-President of Bank of America, said financing expertise and institutional capital are important to converting AI development plans into physical computing infrastructure.

"Advancing AI responsibly requires turning ambitious technology plans into tangible compute infrastructure. Bank of America's infrastructure financing expertise, advisory capabilities and broad capital solutions platform enable us to deliver innovative structures and mobilize institutional capital at scale. This transaction brings together Broadcom's leading technology and significant bank capital to accelerate the buildout of compute capacity that will power the next wave of AI innovation." Jim DeMare, Co-President of Bank of America, said.

The announced structure assigns the first-lien financing arrangement to Bank of America, Citi and Morgan Stanley, with Blackstone providing the committed second-lien financing portion. Broadcom's residual value support is tied to the amount of the first-lien financing.