Bank of America, Blackstone, Citigroup, and Morgan Stanley will provide $63 billion in financing to support the construction of AI computing power capacity. A special purpose vehicle (SPV) will purchase Broadcom's XPU AI accelerators and network solutions and lease them to Anthropic. Bank of America, Citigroup, and Morgan Stanley will arrange the first lien financing, Blackstone will be the sole provider for the second lien portion, and Broadcom will provide residual value support to the SPV. This transaction is part of Broadcom's strategic computing power agreement and is expected to begin delivery in 2027.
