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Apollo and Blackstone seek investors for $36B Anthropic debt financing

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Why it matters

Apollo Global Management and Blackstone are arranging approximately $36 billion in debt financing for Anthropic, the AI startup behind Claude, according to Bloomberg News. The two firms are syndicating the debt package to bring in additional lenders and investors. The capital would support Anthropic's expansion of model development and infrastructure as it scales operations.

The structure and timeline of the financing remain unclear. Details about the syndication process, participating lenders, and expected close date have not been disclosed.

A $36 billion debt facility would rank among the largest private-company AI financings to date and signals that Wall Street is building increasingly sophisticated capital structures for frontier AI labs. For attorneys tracking AI company funding and debt markets, the deal reflects sustained investor appetite for Anthropic despite the sector's extraordinary capital demands. The syndication approach also suggests lenders are distributing risk across multiple parties rather than concentrating exposure—a structural shift worth monitoring as AI infrastructure financing grows.

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