WSJ says Broadcom CEO Hock Tan directly intervened to get Anthropic's debt deal pushed though.
Broadcom CEO Hock Tan pushed lenders to finalize Anthropic's $40 billion debt deal
AIThe Wall Street Journal reports that Broadcom CEO Hock Tan held weekend talks with bank executives to get them to finalize commitments for a $40 billion debt deal. The deal funds Anthropic's purchase of TPUs, and Broadcom agreed to higher interest rates on the loans to win lender support after some banks hesitated.
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SCOOP: Broadcom CEO Hock Tan was getting impatient. He needed lenders to commit $40 billon in the largest AI debt deal ever—so Anthropic could afford TPUs—but some were getting cold feet. In the end, Broadcom’s CEO held 11th-hour talks with bank executives over the weekend to get them to finalize their commitments. Broadcom also agreed to higher interest rates on the loans, sweetening the deal. With @ajsaeedy @ mattwirz for @WSJ
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Original title: WSJ says Broadcom CEO Hock Tan directly intervened to get Anthropic's debt deal pushed though.