Broadcom seeks over $60B in debt for AI chip financing deal

Broadcom is in talks to raise more than $60 billion in senior debt through a special-purpose vehicle designed to finance AI chip purchases and lease them to companies like Anthropic. When you add in roughly $30 billion in junior debt being discussed alongside it, the total structure inches toward $100 billion. How the deal is structured The financing architecture relies on off-balance-sheet special-purpose vehicles. The SPV would purchase AI chips, including custom Tensor Processing Units developed in Broadcom’s partnership with Google, and then lease them to AI companies. The senior-secured tranche alone is estimated at between $60 billion and $70 billion, backed by Broadcom. Layer on the junior debt and you’re looking at a financing package that dwarfs most corporate debt offerings in history. Blackstone and Apollo Global Management are reportedly in discussions to participate in this round. Back in June 2026, the two firms teamed up with Broadcom on a $35 billion private credit arrangement specifically targeting Anthropic’s compute infrastructure. Broadcom provided guarantees on that deal, essentially vouching for the creditworthiness of the whole structure. Rather than executin...