Broadcom CEO Hock Tan stepped in at the 11th hour to save Anthropic's $63 billion debt deal
Some banks were ready to walk from the record $63 billion financing for Anthropic's Broadcom chip leases until CEO Hock Tan held weekend talks with bank executives, the Wall Street Journal reports. Tan agreed to higher interest rates on the loans and gave lenders more comfort around Broadcom's guarantees against an Anthropic default. Banks had grown wary of committing more than $40 billion as interest rates rose and AI financing markets tightened.
Source: The Wall Street Journal