Anthropic Nears $15 Billion Credit Line, Advancing IPO Fundraising Plans

Tradingkey - According to a Bloomberg report, AI company Anthropic is close to finalizing a revolving credit facility of approximately $15 billion, further clearing the way for its upcoming public IPO filing.

People familiar with the matter revealed that Morgan Stanley (MS) will lead the financing, while Goldman Sachs (GS), JPMorgan Chase (JPM), and Citigroup (C) will also play key roles. These four banks were previously reported to be the lead underwriters for Anthropic's IPO.

Anthropic originally planned to secure a revolving credit facility of around $10 billion, but strong bank participation could expand the final financing size to $15 billion. Barclays (BCS) and Wells Fargo (WFC) are also expected to play key roles in the loan, with Bank of America, Deutsche Bank, Royal Bank of Canada, and UBS among the other participants. However, as banks are still finalizing their commitment amounts, the credit facility is not yet fully finalized and specific terms may still change.

The size of this financing is significantly larger than the $2.5 billion five-year loan Anthropic secured last year, signaling that the company is arranging funding in advance for major capital markets activity. Customarily, large corporations arrange revolving credit facilities before formally determining the role assignments of their IPO underwriting teams, and the core banks participating in Anthropic's loan closely overlap with its IPO underwriting lineup.

Anthropic is currently actively preparing to go public and hopes to raise at least as much capital through its IPO as SpaceX (SPCX). After completing its IPO in June 2026, SpaceX ultimately raised approximately $86.2 billion, with a listing valuation of around $1.77 trillion.

Market expectations previously projected that Anthropic's valuation could reach around $2 trillion, and if this target is realized, the size of its IPO could set a new record.

Meanwhile, Anthropic's business growth is also supporting its public listing. Bloomberg data shows that the company's annualized revenue is now on track to top $65 billion, a substantial increase from the end of last year.

As AI model training and data center construction continue to consume massive amounts of capital, expanding its credit line will not only strengthen the company's liquidity, but also provide financial backing for further expanding its computing power and AI infrastructure.