Broadcom Seeks More Than $60 Billion in Latest AI Debt Deal
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Broadcom Seeks More Than $60 Billion in Latest AI Debt Deal
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
Broadcom is in talks with a group of lenders to raise more than $60 billion in debt for an AI chip financing deal that will benefit Anthropic and other companies, according to people with knowledge of the matter. The financing, which is still being ironed out, may also include a roughly $30 billion junior debt tranche, said some of the people, who asked not to be identified because the information is private. Under the proposed plan, Broadcom would guarantee a portion of the senior-secured tranche, which could range from about $60 billion to $70 billion, some of the people said. The numbers under discussion would potentially bring the total to as much as $100 billion.
On today's episode, Carol Massar and guest host Emily Graffeo speak with:
- Ryan Gould, Bloomberg News US Deals reporter
- Robin Wenzel, Wells Fargo Industry Insights Head
- Laura Bliss, Bloomberg Businessweek Senior Editor
- AJ Nicholas, Maisonette President
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