Anthropic expands credit facility to $10 billion ahead of potential IPO

Aug 18, 2026

San Francisco-based AI developer Anthropic is expanding its pre-IPO credit facility to over $10 billion, up from $2.5 billion, as it prepares for a public listing. Backed by Amazon and Google, the company is reportedly seeking loans of $1 billion to $1.25 billion each from major banks. This capital push aims to fund aggressive infrastructure expansion to support projected revenues of up to $200 billion by 2028. Following a $965 billion valuation in May 2026, market participants anticipate a potential IPO valuation exceeding $1.25 trillion.

Anthropic pre-IPO credit facility expansion

▪Anthropic reportedly requested loans of approximately $1 billion to $1.25 billion each from leading banks to support its pre-IPO credit facility.
▪San Francisco-based AI company Anthropic expanded its pre-IPO credit facility to over $10 billion, up from a previous $2.5 billion, as it prepares for a potential initial public offering.

IPO market capitalization expectations

▪Anthropic reached a valuation of $965 billion following a capital raise in May 2026, with some market participants anticipating its valuation to approach or exceed $1 trillion at its IPO.
▪Prediction market pricing in August 2026 reflected a moderate increase in the likelihood of Anthropic's market capitalization exceeding $1.25 trillion at the close of its IPO.

Infrastructure scaling through debt financing

▪Anthropic is aggressively expanding its infrastructure to support its projected operations and scale its competitive position in the artificial intelligence sector.
▪Anthropic's pursuit of bank loans follows a previous debt deal arranged by Apollo Global Management and Blackstone.

Institutional investor backing strength

▪Financial institutions have shown increased confidence in Anthropic's market potential, supporting the expansion of its debt capacity past its initial $10 billion target.
▪Anthropic is backed by major technology companies Amazon and Google as it prepares for its public market debut.

Revenue growth projections

▪Market participants are monitoring Anthropic's upcoming S-1 filing disclosures for official metrics regarding the company's revenue and growth.
▪Anthropic is aiming to support projected revenue growth that could reach up to $200 billion by 2028.