Latham Advises Lead Financial Partners on Landmark US$63 Billion Financing Structure to Enable AI Compute Capacity in Partnership With Broadcom
Bank of America (NYSE: BAC), Blackstone (NYSE: BX), Citibank (NYSE: C), and Morgan Stanley (NYSE: MS) (the Lead Financial Partners) have announced a US$63 billion transaction to enable the deployment of AI compute capacity, leveraging Broadcom Inc.'s (Nasdaq: AVGO) technology, for Anthropic. This transaction is part of the strategic compute capacity agreement previously announced by Broadcom.
Latham & Watkins LLP represents the lead financial partners in the transaction with a Project Development & Finance team led by partners Chirag Dedania, Annelise Karreman, and Jim Fogarty, with associates Herminio Rivera, Josh Lin, Gahyun Kim, and Tianyu Wang. Advice was provided on banking and private credit matters by partner Dan Seale, with associates Julio Martinez Rivas, William Council, Anastassia Simonian, Dorian Refloc’h, and Jess Sandor; on capital markets matters by partners Stelios Saffos, Global Chair of Latham’s Capital Markets and Hybrid Capital practices, Brittany Ruiz, and Ben Stern, with associates Shawn Quinn, Kan Ni, and Molly Mitchell; on structured finance matters by partners Graeme Smyth and Matt Hays and counsel Maeve Chandler, with associates Devin Savaskan, Greg Bird, George Osti, and Julie Yun;* on hedging and derivatives matters by partner Yvette Valdez and counsel Melissa Ferraro, with associate Derrick Vallejos; on risk retention matters by partner Tom Cochran and counsel Kamal Dalal and Rolaine Bancroft; on tax matters by partners Bora Bozkurt and Aaron Bernstein, with associate Michael Yu and assistance from George Yu; on commercial contracts matters by partner Morgan Brubaker and counsel Ryan Clore, with associate Azam Chaudry; on real estate matters by partner Michael Rechtin, with associate Vasi Mitrakos; on ERISA matters by counsel Aryeh Zuber; and on Investment Company Act matters by counsel Meghan Carey, with associate Katherine Ryan.
*Admitted to practice in Australia only.