Anthropic Seeks Billions of Dollars in New Credit Amid IPO Preparations

Anthropic is arranging credit lines worth billions of dollars, adding to a $2.5 billion, five-year revolving credit facility it received last year, The Information reported Wednesday (July 15), citing unnamed sources. Expanding capacity like this is a common move by companies planning an initial public offering (IPO), as it provides them with a buffer in case they need it, according to the report. Anthropic did not immediately reply to PYMNTS’ request for comment.