Anthropic is reportedly working with major banks to expand its borrowing capacity as the artificial intelligence startup gears up for a potential public listing later this year.
OpenAI Rival Anthropic Reportedly Seeks Fresh Bank Credit For IPO Anthropic is in talks with banks to secure several billion dollars in new credit lines ahead of its planned initial public offering, investing.com reported (via The Information).
The report said the new financing would increase the company's existing $2.5 billion five-year revolving credit facility, obtained from lenders last year.
Anthropic did not immediately respond to Benzinga’s request for comments.
A revolving credit facility gives companies access to funds that can be borrowed, repaid and borrowed again as needed, providing financial flexibility without requiring immediate use of the full amount.
