Anthropic's Pre-IPO Credit Facility Expected to Exceed $10 Billion
Anthropic, the AI lab behind the Claude chatbot, is preparing for a potentially record-breaking IPO and has secured commitments that could push its pre-IPO credit facility beyond its initial target of around $10 billion. According to Bloomberg News, banks are competing aggressively for involvement in arranging this expanded line of credit, with top lenders expected to commit up to $1.25 billion each. The company is also encouraging second-tier lenders to offer approximately $1 billion and less active participants to contribute about $750 million or more. Anthropic filed confidentially for a U.S. IPO in June 2026, with the credit facility likely serving as part of its broader capital-raising strategy ahead of going public. The company is projecting annual revenue between $190 billion and $200 billion by 2028, while it already has an estimated run rate exceeding $65 billion at the end of July 2026.
Topics: AI Anthropic credit facility IPO