Emily Graffeo

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.

The National Football League has sold more than $600 million in US high-grade private bonds, tapping a market that is a go-to source of funding for major sports franchises.

Brady Corp., a maker of signs and labels, sold $800 million of private debt to support its purchase of Honeywell International Inc.’s productivity solutions and services business.

(Bloomberg) -- As Big Tech barrels toward trillions of dollars of planned spending on AI, a key cog in credit markets is showing signs of pressure.

As Big Tech barrels toward trillions of dollars of planned spending on AI, a key cog in credit markets is showing signs of pressure.

Blackstone Inc. has held early discussions with investors to gauge interest in a second mega debt package to finance Anthropic PBC’s use of chips from Alphabet Inc.’s Google.

Boeing Co. and Lockheed Martin Corp.'s rocket joint venture plans to sell bonds in the private market to refinance debt.

Boeing Co. and Lockheed Martin Corp.’s rocket joint venture is wrapping up a $1.5 billion private-bond deal that’s been tripled in size.