Anthropic, a leading artificial intelligence company, is reportedly close to finalizing a substantial $15 billion pre-IPO credit facility. This move marks a significant increase from its previous $2.5 billion five-year facility secured last year, positioning the company for its highly anticipated initial public offering (IPO).
This expansion of Anthropic's revolving credit facility is attracting numerous banks eager to secure roles in the upcoming IPO. Key banks leading the credit line are expected to lend around $1.25 billion each, with others committing approximately $1 billion and $750 million depending on their level of involvement. The larger a bank's commitment in the loan, the higher the fees it receives and the more active a role it is likely to play in the subsequent IPO.
Anthropic's preparations for its public debut are bolstered by a dramatic surge in revenue, with its run rate hitting $65 billion by the end of July. The company reported preliminary revenue exceeding $11.5 billion in its latest completed quarter, a significant jump from $787 million in the corresponding period in 2025, and also posted positive adjusted operating income for the quarter. Morgan Stanley, Goldman Sachs, and JPMorgan are reportedly working with Anthropic on the IPO, which is expected as soon as this fall.
