BlackRock pitches $360+ billion debt financing to fund Anthropic's purchase of Google (Alphabet) AI chips.

Blackstone Group has held preliminary discussions with investors to gauge their interest in a second major debt financing package designed to fund Anthropic PBC's use of Google chips, according to sources familiar with the matter. An initial proposal contemplates debt of at least $36 billion, surpassing the $35 billion debt package that Apollo Global Management Inc. and Blackstone finalized approximately two months prior. The potential new financing round follows Anthropic's confidential submission of a U.S. initial public offering application, as the company seeks to reach the public markets ahead of rival OpenAI.