Blackstone is reportedly planning a new round of substantial financing to support the Anthropic chip transaction.

According to informed sources, Blackstone Group has had preliminary discussions with investors to assess their interest in a second round of substantial debt financing to support Anthropics use of chips from Google, a subsidiary of Alphabet. The sources indicated that an initial proposal involves at least $36 billion in debt financing and that details such as the scale, structure, and whether Blackstone will ultimately lead the deal are still under discussion and may change. If the final amount approaches $36 billion, it will surpass the $35 billion debt financing arranged by Apollo Global Management and Blackstone about two months ago. That financing was used to support Anthropic's lease of Google's customized chips and is one of the largest transactions in the history of the private credit market.