Debt providers arranging and receiving a syndicated debt deal would require access to the company’s financials to underwrite its credit.

“And how it works is they'll go, they'll say, "Hey, we're gonna syndicate however many billions of dollars of debt for you, Anthropic, or via a NeoCloud for you.”

“But we're gonna need, we're gonna need, like, full open kimono on your financials. We're gonna need to know exactly how this business is doing, uh, so that we can underwrite you." And then everyone we syndicate the debt to on the back end, they also need to see it.”