Anthropic Revolving Credit Facility Poised to Exceed $10 Billion Ahead of IPO

Anthropic's pre-IPO revolving credit facility is on track to surpass its roughly $10 billion target, Bloomberg reported on August 18, as the AI company works toward a highly anticipated initial public offering. The fundraising builds on an earlier $2.5 billion five-year revolving credit facility the company secured from lenders, and the expanded facility is expected to help fund the substantial compute and infrastructure costs associated with running frontier AI models at scale. Anthropic is targeting an IPO expected around October 2026, with investors eyeing a valuation that has been reported as high as $2 trillion, though the company faces headwinds including slowing revenue growth and elevated model pricing relative to competitors.