BROADCOM SPLITS $60 BILLION CHIP DEBT

Wall Street banks are syndicating a $60 billion debt package to finance Anthropic's lease of Google-made AI chips, Bloomberg and the Financial Times report. The package splits into a $42 billion senior tranche backed by Broadcom's ($AVGO) own guarantee and a riskier $18 billion junior tranche led by Blackstone, with no such backstop. Broadcom now carries direct balance-sheet exposure to whether Anthropic's chip leases hold their value.