Anthropic Proposal Would Offer Blackstone Funds 10% Coupon, 1.5 Points Above June Rate
Photo: TokenPost
A proposed $60 billion package for financing chip leases would offer funds managed by Blackstone a 10% coupon on $9 billion of junior debt. That is 1.5 percentage points above the 8.5% rate on about $4.4 billion of junior debt in Anthropic’s June financing. Known as Project North Star, the financing proposal would support about 1.5 gigawatts of Google tensor processing units (TPUs). Its proposed structure includes $42 billion in senior debt and $18 billion in junior debt. Blackstone-managed funds would take half of the junior tranche, with the remaining $9 billion intended for other investors.
Source: TokenPost
