Anthropic Finalizing a $15 Billion Pre-IPO Credit Facility
Artificial intelligence firm Anthropic PBC is nearing the finalization of a $15 billion revolving credit facility, according to sources familiar with the matter. This move represents a key step ahead of its anticipated initial public offering (IPO), which could raise as much as SpaceX or more in capital. Morgan Stanley leads the process, while Goldman Sachs Group Inc., JPMorgan Chase & Co., and Citigroup Inc. also play prominent roles on both the credit facility and the IPO itself. The credit line is significantly larger than Anthropic's previous $2.5 billion five-year facility secured last year. The company has asked top banks to commit up to $1.25 billion each, with lower commitments for less active participants. This expansion mirrors a similar strategy used by SpaceX before its record-breaking IPO in May 2026. A strong bank lineup is expected to enhance the visibility and success of Anthropic's public offering. The AI sector has been revitalizing the IPO market this year, which has raised $160.6 billion from U.S.-listed companies excluding blank-check firms.
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Topics: credit facility investment banking IPO syndicated loan