Emily Graffeo

Iren, the Australian company that builds and operates data centres for training artificial intelligence models, borrowed about $US3.6 billion ($5 billion) to provide computing capacity to Microsoft.

Broadcom Inc.’s promise to backstop the largest portion of a record-setting microchip financing deal for Anthropic is keeping yields for the deal in check, according to people familiar with the matter.

Manchester United is looking at tapping the private placement market to refinance $425 million of debt due next year, according to people with knowledge of the matter.

Apollo Global Management Inc. and Blackstone Inc. have finalized a $35 billion financing package for Anthropic PBC to expand its AI infrastructure, marking the latest mega-deal in the artificial intelligence race.

(Bloomberg) -- Apollo Global Management Inc. and Blackstone Inc. have finalized a $35 billion financing package for Anthropic PBC to expand its AI infrastructure, marking the latest mega-deal in the artificial intelligence race.

The rapid expansion of complex credit structures is reminiscent of the buildup ahead of the global financial crisis, Pacific Investment Management Co.’s Dan Ivascyn warned.

Data centers and computing chips are all the rage in global credit markets right now, but Nuveen LLC’s Laura Parrott is more excited about the “boring, plain vanilla” infrastructure on the outskirts of AI that will benefit regardless of how the technology pans out.

A private bond market dating back more than a century is opening a new front in the trillion-dollar AI funding boom, allowing tech borrowers to sell debt directly to deep-pocketed insurance firms.

More money managers and dealers are about to get their hands on pieces of the largest private credit deal on record — when a chunk of a $35 billion financing package for Broadcom Inc. and Anthropic PBC’s AI infrastructure expansion begins trading.

Apollo Global Management Inc. is using a new confectionary-based metaphor to reiterate its longstanding claim that investors are vastly underestimating how much of the private-credit market carries an investment-grade rating.