Banks and Blackstone Commit $63 Billion to Finance Broadcom Gear for Anthropic

Four financial firms have committed financing for a $63 billion transaction to buy Broadcom AI hardware for lease to Anthropic. Announced October 26, 2026, the structure puts a newly formed vehicle between the equipment supplier and its customer. Deliveries are expected to begin in 2027, rather than provide computing capacity immediately.

Equipment financing, with Anthropic as the lessee

Bank of America, Blackstone, Citi and Morgan Stanley are the financial partners. Their committed financing will support a special purpose vehicle, or SPV—a separate entity formed for this transaction. That vehicle will purchase Broadcom XPU AI accelerators and networking equipment, then lease the hardware to Anthropic.

The distinction is important when interpreting the headline amount: the announcement describes financing for equipment purchases and leases, not a $63 billion equity investment in Anthropic. It also identifies both accelerators and networking equipment as the assets being financed, rather than describing the entire amount as a chip purchase alone.

Broadcom supplies more than the hardware

The financial partners have different roles within the arrangement. Bank of America, Citi and Morgan Stanley are arranging the first-lien portion of the financing. Blackstone is the sole provider of the committed portion of the second-lien financing. Those are distinct financing layers; the announcement does not assign the full $63 billion to any one participant.

Broadcom, meanwhile, is providing residual-value support to the SPV in an amount equivalent to the first-lien financing. Its role therefore includes financial support linked to the equipment’s remaining value, alongside supplying the hardware. The announcement does not disclose the size of either financing layer or the detailed terms of that support.

Financing now, deliveries expected in 2027

The transaction supports a strategic compute-capacity agreement that Broadcom had previously announced. The new development is the financing structure behind that agreement, not the unveiling of a new accelerator or the start of equipment deliveries.

Broadcom classifies the planned deployment and its timing as forward-looking statements. Its caution identifies customer-demand changes, manufacturing capacity and reliance on outside suppliers among the risks that could affect results. The financing commitment is concrete; the delivery schedule remains an expectation.