Anthropic pays Blackstone 10% coupon to finance Google chips, above the ~7% peers pay
tengyanAI · x · 2026-10-18
Per FT, Anthropic offered Blackstone a 10% coupon to finance its Google chip deals—vs 7% paid by similarly rated borrowers in public bonds. Structure: Broadcom backs the $42B senior tier; Blackstone takes $9B of the $18B junior tier, with fees pushing its yield above 10%. The author notes the recurring pattern of chipmakers helping fund customers' purchases, and that his GPU rental index across 6 providers rose 11% in a month. Watch: if the remaining $9B junior tranche prices below 10% by year-end, the financing scare is easing.
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