Broadcom teams up with Bank of America, Blackstone and others to set up a $63 billion AI financing arrangement

Bank of America, Blackstone, Citi, and Morgan Stanley are collaborating with Broadcom to jointly establish an AI financing arrangement totaling $63 billion, providing funding for AI computing power. Broadcom will offer residual value support for the first-lien (senior secured) debt portion of this special purpose vehicle (SPV). Beginning in 2027, Broadcom will supply XPU AI accelerators through the SPV, which will then be leased to Anthropic for use.