Blackstone Group promotes huge debt financing plan for Anthropic chip deal

Blackstone Group has held preliminary discussions with investors to assess their interest in a second huge debt financing package designed to fund AnthropicPBC's use of chips from Alphabet's Google. A preliminary proposal involves at least $36 billion in debt, which would exceed Apollo Global Management Inc., according to people familiar with the matter. and Blackstone Group finalized the $35 billion debt scale about two months ago. The potential new funding round follows Anthropic's secret U.S. initial public offering filing as the company attempts to land on the public market before rival OpenAI.