Robert Way Apollo ( APO ) and Blackstone ( BX ) have finalized a $35B private credit financing package for AI startup Anthropic ( ANTHRO ), the Financial Times reported. This, one of the largest private credit financing deal will fund Anthropic's ( ANTHRO ) purchase of AI chips developed by Alphabet ( GOOG ). A special-purpose vehicle established by Apollo's ( APO ) Atlas SP Partners raised both d...
Robert Way Apollo ( APO ) and Blackstone ( BX ) have finalized a $35B private credit financing package for AI startup Anthropic ( ANTHRO ), the Financial Times reported. This, one of the largest private credit financing deal will fund Anthropic's ( ANTHRO ) purchase of AI chips developed by Alphabet ( GOOG ). A special-purpose vehicle established by Apollo's ( APO ) Atlas SP Partners raised both debt and equity capital, with the transaction backed by long-term lease agreements tied to the AI chips. Those lease payments provide the cash flows supporting the value of the financing, the report added, citing people familiar with the matter. The project, dubbed 'Big Sky,' divided the financing into three debt tranches, with Broadcom ( AVGO ) providing support for interest payments on the two senior portions. Broadcom ( AVGO ), which manufactures Google's ( GOOG ) tensor processing units or TPUs, agreed to cover interest obligations if Anthropic ( ANTHRO ) misses a payment, significantly lowering borrowing costs. The senior debt included about $6B of A1 notes sold to banks at a spread of 1 percentage point above U.S. Treasuries and $24B placed with asset-backed credit investors at a 5.75% yield. The remaining $4.5B junior tranche, which lacks Broadcom's ( AVGO ) backing and therefore carries greater exposure to Anthropic's ( ANTHRO ) credit risk, was priced at an 8.5% interest rate. Investors in the junior debt also received an original issue discount, purchasing the notes at 98 to 99 cents on the dollar depending on size. Investors evaluating the deal were not granted early access to Anthropic's ( ANTHRO ) financial information ahead of a potential IPO, according to the report. More on Apollo Global Management, Blackstone, etc. Anthropic: A Strong Buy And Not As Expensive As Many Think Apollo Global Is Attractive Despite Private Credit Headlines 5 Things To Consider Ahead Of Anthropic's IPO OpenAI confidentially files draft IPO to SEC one week after Anthropic OpenAI want...
Mesut Dogan/iStock Editorial via Getty Images Oracle Corp. ( ORCL ) is set to report Q4 and full-year fiscal 2026 earnings on Wednesday, June 10, with analysts expecting another strong quarter of cloud-led growth. Analysts expect Q4 revenues of $19.1 billion, up 20% year-on-year. For the full year, revenues are projected to grow 17% to $67.3 billion, driven by continued momentum in the software ma...
Mesut Dogan/iStock Editorial via Getty Images Oracle Corp. ( ORCL ) is set to report Q4 and full-year fiscal 2026 earnings on Wednesday, June 10, with analysts expecting another strong quarter of cloud-led growth. Analysts expect Q4 revenues of $19.1 billion, up 20% year-on-year. For the full year, revenues are projected to grow 17% to $67.3 billion, driven by continued momentum in the software maker’s Cloud Services offerings. Visible Alpha consensus shows continued strength in the company’s AI-driven backlog expansion, which is expected to support the outlook. Remaining performance obligations (RPO), a key gauge of contracted future revenue, are estimated at $600 billion for the full year, up 335% from last year, reflecting robust AI-related demand from large enterprise customers. Cloud has become the centerpiece of Oracle’s business. Analysts expect cloud revenue to climb 39% to $34.1 billion in 2026, accounting for roughly 51% of total sales. That marks a decisive shift from a decade ago, when Oracle was largely defined by its on-premise database business. As recently as last year, cloud contributed 43% of revenue; analysts now project that by 2030 the share could reach as high as 86%, transforming Oracle into a predominantly recurring, infrastructure-driven business. Within cloud, infrastructure-as-a-service (IaaS) is emerging as the standout performer. Oracle has positioned its cloud infrastructure as a lower-cost, high-performance alternative for enterprise AI workloads, competing with hyperscale leaders. IAAS revenues are projected to be up 76% in 2026 to $18 billion, while software-as-a-service (SaaS) revenue is forecast to rise by a relatively modest 12% to $15.9 billion. Original Post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.
Mesut Dogan/iStock Editorial via Getty Images Oracle Corp. ( ORCL ) is set to report Q4 and full-year fiscal 2026 earnings on Wednesday, June 10, with analysts expecting another strong quarter of cloud-led growth. Analysts expect Q4 revenues of $19.1 billion, up 20% year-on-year. For the full year, revenues are projected to grow 17% to $67.3 billion, driven by continued momentum in the software ma...
Mesut Dogan/iStock Editorial via Getty Images Oracle Corp. ( ORCL ) is set to report Q4 and full-year fiscal 2026 earnings on Wednesday, June 10, with analysts expecting another strong quarter of cloud-led growth. Analysts expect Q4 revenues of $19.1 billion, up 20% year-on-year. For the full year, revenues are projected to grow 17% to $67.3 billion, driven by continued momentum in the software maker’s Cloud Services offerings. Visible Alpha consensus shows continued strength in the company’s AI-driven backlog expansion, which is expected to support the outlook. Remaining performance obligations (RPO), a key gauge of contracted future revenue, are estimated at $600 billion for the full year, up 335% from last year, reflecting robust AI-related demand from large enterprise customers. Cloud has become the centerpiece of Oracle’s business. Analysts expect cloud revenue to climb 39% to $34.1 billion in 2026, accounting for roughly 51% of total sales. That marks a decisive shift from a decade ago, when Oracle was largely defined by its on-premise database business. As recently as last year, cloud contributed 43% of revenue; analysts now project that by 2030 the share could reach as high as 86%, transforming Oracle into a predominantly recurring, infrastructure-driven business. Within cloud, infrastructure-as-a-service (IaaS) is emerging as the standout performer. Oracle has positioned its cloud infrastructure as a lower-cost, high-performance alternative for enterprise AI workloads, competing with hyperscale leaders. IAAS revenues are projected to be up 76% in 2026 to $18 billion, while software-as-a-service (SaaS) revenue is forecast to rise by a relatively modest 12% to $15.9 billion. Original Post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.
designer491/iStock via Getty Images Fund Commentary The first quarter was defined less by realized macroeconomic outcomes than by a reassessment of risks. Economic momentum entering the quarter was reasonably constructive, and published consensus estimates for trend-like global growth and manageable inflation largely remained intact by quarter-end. However, sentiment shifted as the Iran war moved ...
designer491/iStock via Getty Images Fund Commentary The first quarter was defined less by realized macroeconomic outcomes than by a reassessment of risks. Economic momentum entering the quarter was reasonably constructive, and published consensus estimates for trend-like global growth and manageable inflation largely remained intact by quarter-end. However, sentiment shifted as the Iran war moved into its second month, biasing expectations toward weaker growth and higher inflation. The effective closure of the Strait of Hormuz disrupted the flow of a meaningful share of global commodity supply, including oil, natural gas, fertilizers, and other inputs. While strategic stockpiles provided a buffer, each day without a definitive path to resolution increased the risk of supply depletion and a more pronounced global energy shock. The potential economic implications varied across regions, with net energy importers in Europe and Asia facing greater scrutiny than the U.S. Oil futures pointed to a baseline scenario of easing tensions, consistent with expectations for a manageable global economic impact. Still, mixed headlines exiting the quarter tempered confidence that a resolution was imminent, leaving investors to contemplate the risk of a more prolonged disruption. While it remained too early to assess the conflict's impact in economic data, central bank expectations responded more rapidly during the quarter. Futures markets now price multiple rate hikes this year from both the Bank of England and the European Central Bank. Markets also dialed back easing expectations from the U.S. Federal Reserve, shifting from two cuts to a hold this year. Despite a strong start, a challenging March led to weak 1Q financial market returns. Global equities declined 3%, while fixed income returns were slightly negative with headwinds from both rates and credit spreads. Brent crude oil prices surged above $100 per barrel, leaving the energy sector as the standout winner in the equity spa...
(RTTNews) - U.S. construction trade group Associated Builders and Contractors or ABC announced that it has partnered with Facebook-parent Meta Platforms, Inc. (META) to launch a $115 million workforce training program aimed at addressing a shortage of data center construction tec
(RTTNews) - U.S. construction trade group Associated Builders and Contractors or ABC announced that it has partnered with Facebook-parent Meta Platforms, Inc. (META) to launch a $115 million workforce training program aimed at addressing a shortage of data center construction tec