Anthropic PBC is set to finalize a $15 billion revolving credit facility ahead of its public offering.
Anthropic PBC is preparing to finalize an expansion of its revolving credit facility to $15 billion. This move serves as a primary step before the artificial intelligence firm submits its public filing for an upcoming initial public offering.
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Morgan Stanley is leading the process of finalizing the facility, with Goldman Sachs Group Inc. and JPMorgan Chase & Co. also holding prominent roles. Citigroup Inc. is also among the primary lenders. These four institutions are also expected to lead the initial public offering. Barclays Plc and Wells Fargo & Co. are also expected to have key roles on the loan. The new credit line is significantly larger than the $2.5 billion facility the company secured last year. Anthropic PBC is currently on track to generate annualized revenue of over $65 billion, which is more than sevenfold its pace at the end of last year.