Veytics Intelligence
2026-10-27 · Yahoo

Banks Reportedly Got Cold Feet on ‘Project North Star’ Until Hock Tan Stepped In: Broadcom’s $63 Billion Anthropic Financing Back on Track

Bank of America Corp.(NYSE:BAC), Blackstone Inc.(NYSE:BX), Citigroup Inc. (NYSE:C) and Morgan Stanley(NYSE:MS) committed $63 billion to finance Broadcom Inc's(NASDAQ:AVGO) artificial intelligence chips and networking gear for Anthropic, in a deal some lenders reportedly weighed walking away from in recent weeks. Inside the $63 Billion Structure A newly formed special purpose vehicle will use the committed financing to buy Broadcom's XPU AI accelerators and networking products and lease them to Anthropic, with deliveries expected to begin in 2027. Bank of America, Citi and Morgan Stanley are arranging the first-lien portion, while Blackstone is the sole provider of the committed second-lien financing.

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