Anthropic is arranging credit lines worth billions of dollars, adding to a $2.5 billion, five-year revolving credit facility it received last year, The Information reported Wednesday (July 15), citing unnamed sources.

Expanding capacity like this is a common move by companies planning an initial public offering (IPO), as it provides them with a buffer in case they need it, according to the report.

Anthropic did not immediately reply to PYMNTS’ request for comment.

The company is planning an IPO that could take place as soon as September, although the firm hasn’t made a final decision, the report said.

The company has set up meetings with public investors in the coming weeks, as firms often do as they are determining the size of the offering and the valuation before unveiling their IPO paperwork.

Anthropic filed confidentially with the Securities and Exchange Commission in June.

Rival AI company OpenAI did too, although OpenAI is expected to launch its IPO in 2027

When Anthropic received its $2.5 billion credit facility in May 2025, it was reported that the company would use the funding to support its rapid expansion and its efforts to strengthen its balance sheet as the demand for AI ratchets up.

Anthropic Chief Financial Officer Krishna Rao told CNBC at the time: “This revolving credit facility provides Anthropic significant flexibility to support our continued exponential growth. The backing of these global financial institutions is a testament to the strength of our business and the resonance of our mission.”

Anthropic confidentially filed for an IPO on June 1, saying, “This gives us the option to go public after the SEC completes its review. The proposed initial public offering will depend on market conditions and other factors.”

Days earlier, on May 28, Anthropic raised $65 billion in a Series H funding round that valued the company at $965 billion post-money. The round included previously committed investments of $15 billion from hyperscalers, including $5 billion from Amazon.

The company said at the time in a press release that it would use the new funding to advance its safety and interpretability research, expand compute, and scale products and partnerships.

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