Anthropic Nears $15 Billion Credit Facility
Anthropic is nearing an agreement to expand its revolving credit facility to about $15 billion, according to people familiar with the matter cited by Bloomberg. The financing would give the artificial intelligence company additional liquidity as it prepares for a potential initial public offering.
The proposed facility would exceed Anthropic’s earlier target of roughly $10 billion. Moreover, it would be substantially larger than the $2.5 billion, five-year facility the company secured last year.
Major Banks Join Anthropic Financing
Morgan Stanley is leading the credit facility process. Meanwhile, Goldman Sachs, JPMorgan Chase and Citigroup are expected to play prominent roles. These four banks are also leading Anthropic’s planned IPO, according to the Bloomberg report.
In addition, Barclays and Wells Fargo are expected to take key roles in the loan. Bank of America, Deutsche Bank, Royal Bank of Canada and UBS are also listed among the participating banks.
However, the financing remains subject to final commitments. Therefore, the facility’s size and terms could still change before completion.
Credit Line Supports IPO Preparation
The enlarged facility comes as Anthropic accelerates preparations for a potential public listing. According to a Bloomberg report, the company aims to raise at least as much as SpaceX did through its IPO.
Anthropic has also recorded rapid commercial growth. Its annualized revenue has surpassed $65 billion, according to Bloomberg data cited in the reports.
Furthermore, the company has continued to raise substantial private capital. Anthropic announced a $65 billion Series H financing in May 2026, which valued the company at $965 billion post-money.
The company also faces significant infrastructure costs as it expands AI model development and computing capacity. Consequently, a larger revolving facility could provide additional financial flexibility as Anthropic scales its operations.
Anthropic Builds Financial Firepower
The financing also highlights the growing capital requirements of frontier AI companies. Training advanced models and securing large-scale computing capacity require substantial and sustained investment.
At the same time, Anthropic continues expanding its enterprise business and AI infrastructure. Earlier this month, the company introduced Enterprise Frontier Safeguards after working with more than 100 customers across several industries.
For now, the $15 billion facility remains in the finalization stage. Therefore, investors should treat the reported amount and terms as subject to change until Anthropic and the participating banks complete the arrangement.
