ANTHROPIC’S revolving credit facility is expected to exceed its roughly $10 billion target, Bloomberg News reported on Tuesday, as the AI lab prepares for what could be one of the biggest public listings on record.
Banks are jockeying for a piece of the expanded credit line, hoping the involvement will strengthen their case for a role in the IPO, Bloomberg said, citing people familiar with the matter.
Anthropic has asked the banks most active in arranging the credit facility to commit about $1.25 billion each, with a second tier of active lenders encouraged to offer around $1 billion, Bloomberg said. Commitments for less active roles would fall to about $750 million or less.
The talks are ongoing and Anthropic could decide to limit the size of the revolver to the target or even below, according to Bloomberg.
The company behind the Claude chatbot, Anthropic, is projecting 2028 revenue of roughly $190 billion to $200 billion, Reuters exclusively reported on Friday.
Its annual revenue run rate topped $65 billion by the end of July.
Extra voting power
Meanwhile, Anthropic has been preparing to give CEO Dario Amodei and other co-founders a class of stock with extra voting power to help insulate them from external shareholder pressure, the Information reported on Tuesday, citing two people familiar with the matter.
The company is also planning to maintain its existing body of non-shareholder trustees with a special class of stock to elect a majority of members to the company’s board of directors, according to the report.
Such a move would mark the first time Anthropic’s leaders would have extra voting power. The Claude maker’s co-founders hold relatively small ownership in the company, compared to founders of other tech firms.
Amodei himself owns only about 2 percent of the company, the Information said.