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Blackstone explores second Anthropic debt package of at least $36 billion, Bloomberg says

Blackstone explores second Anthropic debt package of at least $36 billion, Bloomberg says

Early talks point to another chip-backed financing structured through an SPV after Blackstone and Apollo closed a roughly $35 billion to $36 billion package for Anthropic just months earlier.

Fact Check
The primary Bloomberg article dated 2026-08-04 directly confirms the claim: Blackstone has held early-stage discussions about a second large debt package to fund Anthropic's use of Google chips, with one initial proposal of at least $36 billion, and details may change. This matches the claim's key elements (Blackstone, preliminary talks, at least $36 billion, Google AI chips, Bloomberg attribution). Two independent Chinese newsflashes citing the same Bloomberg piece corroborate it. This is a newer, second deal distinct from the earlier ~$35 billion Apollo+Blackstone financing closed in June 2026.
Summary

Blackstone has begun sounding out investors on a second large debt package for Anthropic that is expected to be at least $36 billion and could be similar in size to an initial roughly $35 billion to $36 billion deal closed only months ago. The structure mirrors the first transaction, with a special purpose vehicle, or SPV, buying Google's Tensor Processing Units and leasing them to Anthropic, a model that helps fund AI compute expansion while isolating investors from broader corporate risk. Blackstone and Apollo Global Management arranged the first package, which closed around late May to early June 2026, and part of that debt was expected to reach the secondary market by July 2026. If a second tranche closes on similar terms, the combined financing would approach $72 billion, underscoring private credit's growing role in funding AI infrastructure.

Terms & Concepts
  • SPV: A special purpose vehicle, or separate legal entity, used to own assets and isolate financing risk from a company's broader operations.
  • secondary market: The market where investors buy and sell existing debt or other securities after they have been issued.
  • private credit: Lending provided by non-bank investors such as asset managers, often through customized financing structures.