Anthropic is assembling a revolving credit facility exceeding $10 billion ahead of what could be one of the largest IPOs in history, with lead banks committing roughly $1.25 billion each, second-tier participants around $1 billion, and smaller players $750 million. The company’s revenue run rate has surpassed $65 billion, and its Series H funding round valued it at $965 billion post-money, with IPO expectations suggesting a valuation that could push past $2 trillion. Anthropic filed a confidential S-1 in June 2026, and final terms remain under negotiation as the syndication process is still ongoing.
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