From TokenPost · · 50s
Blackstone Gets 10% Coupon on Anthropic Chips
Blackstone's funds could earn 10% coupon on Anthropic chip leases, 1.5 points above June rate.
In brief
Blackstone's funds could earn 10% coupon on Anthropic chip leases, 1.5 points above June rate. Blackstone's funds would receive a 10% coupon on $9 billion of Anthropic's junior debt, 1.5 percentage points above June's 8.5% rate. Originally reported by TokenPost.
Blackstone's Proposed Chip Lease Deal
A proposed $60 billion package for financing chip leases would offer Blackstone funds a 10% coupon on $9 billion of junior debt, 1.5 percentage points above Anthropic's June rate of 8.5%.
Project North Star Details
Project North Star would support 1.5 gigawatts of Google tensor processing units with $42 billion in senior debt and $18 billion in junior debt.
Blackstone's Investment Structure
Blackstone-managed funds would take half of the junior tranche, with the remaining $9 billion for other investors over five years.
The takeaway
Blackstone's funds would receive a 10% coupon on $9 billion of Anthropic's junior debt, 1.5 percentage points above June's 8.5% rate.
