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Anthropic’s pre-IPO credit facility set to exceed $10 billion, Bloomberg News reports

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Aug 18 : Anthropic’s revolving credit facility is expected to exceed its roughly $10 billion target, Bloomberg News reported on Tuesday, as the AI lab prepares for what could be one of the biggest public listings on record.

Banks are jockeying for a piece of the expanded credit line, hoping the involvement will strengthen their case for a role in the IPO, Bloomberg said, citing people familiar with the matter.

Anthropic has asked the banks most active in arranging the credit facility to commit about $1.25 billion each, with a second tier of active lenders encouraged to offer around $1 billion, Bloomberg said. Commitments for less active roles would fall to about $750 million or less.

The talks are ongoing and Anthropic could decide to limit the size of the revolver to the target or even below, according to Bloomberg.

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Anthropic, which confidentially filed for a U.S. initial public offering in June, did not immediately respond to a Reuters request for comment.

The company behind the Claude chatbot, Anthropic, is projecting 2028 revenue of roughly $190 billion to $200 billion, Reuters exclusively reported on Friday.

Its annual revenue run rate topped $65 billion by the end of July.

Source: Reuters

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