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Saturday 17 October 2026

Markets · Brief

Anthropic offers Blackstone more than 10% yield on chip debt

Blackstone funds would invest $9 billion in debt backed by five years of Anthropic chip lease payments, according to the reported terms.

Dario Amodei gestures while speaking before a TechCrunch Disrupt backdrop.
Photo: TechCrunch, CC BY 2.0, via Wikimedia Commons (cropped)

Anthropic is offering Blackstone a yield of more than 10% to finance a chip deal, the Financial Times reported on 16 October in a Reuters dispatch.

Blackstone funds would invest $9 billion in debt backed by Anthropic’s five-year lease payments on the chips, according to the Financial Times report.

A previous $35 billion private-credit package involving Apollo and Blackstone for TPU leases carried senior yields of about 5.75% and junior yields of about 8.5%, Global Banking & Finance Review said. AI Affairs previously reported that Blackstone and banks gathered $60 billion for Broadcom AI chip financing. It also reported that Broadcom agreed to lend Anthropic up to $42 billion for chip infrastructure.

Reuters said it could not immediately verify the Financial Times report.

Sources

Topics: Chips, Foundation models, Funding