Anthropic is negotiating with banks to secure credit lines worth several billion dollars as part of its preparations for a planned initial public offering (IPO) this year, The Information reported on Wednesday, citing informed sources.
The new loans will expand the company’s existing five-year revolving credit facility of $2.5 billion, which it received from banks last year, according to the report.
Companies typically increase such credit facilities ahead of an IPO, with many of the same banks serving as underwriters for the offering. SpaceX followed a similar pattern, expanding its credit line with a number of IPO-organizing banks about a month before its June public listing.
Earlier on Wednesday, reports emerged that Anthropic is arranging key meetings with investors as part of its IPO preparations this year. According to Bloomberg, the artificial intelligence startup could go public as early as October.
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