Anthropic's pre-IPO credit facility set to exceed $10 billion, Bloomberg News reports

Aug 18 : Anthropic's revolving credit facility is expected to exceed its roughly $10 billion target, Bloomberg News reported on Tuesday, as the AI lab prepares for what could be one of the biggest public listings on record.Banks are jockeying for a piece of the expanded credit line, hoping the involvement will strengthen their case for a role in the IPO, Bloomberg said, citing people familiar with the matter.Anthropic has asked the banks most active in arranging the credit facility to commit about $1.25 billion each, with a second tier of active lenders encouraged to offer around $1 billion, Bloomberg said. Commitments for less active roles would fall to about $750 million or less.The talks are ongoing and Anthropic could decide to limit the size of the revolver to the target or even below