Jane Street is reportedly seeking to refinance roughly $11 billion of debt through a private credit deal involving investors including PIMCO, which could support further investment in artificial intelligence (AI) infrastructure.

Private Credit Deal Could Fuel AI Expansion

The trading firm is discussing moving its debt load from public markets into a private financing vehicle backed by a small group of investors, along with Pimco, with the loan expected as soon as next week and its size potentially increasing, the Financial Times reported, citing people familiar with the matter.

The refinancing would help support additional investments in AI infrastructure, including data centers and other technology used in the firm’s trading operations, the report added.

Jane Street and Pimco did not immediately respond to Benzinga’s request for comment.

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AI Ambitions Grow Alongside Trading Profits

Jane Street has expanded into AI, backing Anthropic and Thinking Machines Lab.

In April, it committed $6 billion to CoreWeave, Inc.‘s (NASDAQ:CRWV) AI cloud platform and invested $1 billion in the company’s stock, becoming one of its five largest shareholders.

The FT report said the refinancing would reduce Jane Street’s disclosure requirements, as the firm generated $16.1 billion in trading revenue, $10.3 billion in net income in the first quarter, and roughly $40 billion in revenue for 2025.

AI Investment Hits Record Level

According to data shared by The Kobeissi Letter on X, private business investment in AI-related categories climbed 25% year over year to a record $1.5 trillion annualized rate during the second quarter.

Investment has increased roughly 50% over the past two years, while direct AI spending now accounts for an estimated 25% to 33% of recent U.S. GDP growth.

AI Capex Boom Shows No Signs Of Slowing

Apollo Global Management Chief Economist Torsten Slok estimates U.S. hyperscalers will spend about $916 billion on capital expenditures over the next 12 months, with that figure expected to rise to nearly $1.2 trillion the following year.

The spending is being led by Amazon.com Inc. (NASDAQ:AMZN), Google parent Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), Microsoft Corp. (NASDAQ:MSFT), Meta Platforms Inc. (NASDAQ:META) and Elon Musk‘s Space Exploration Technologies Corp. (NASDAQ:SPCX) all of which have continued raising AI infrastructure budgets to expand data centers and computing capacity.

Benzinga edge rankings indicate CRWV has a Momentum score in the 10th percentile and a negative price trend in the short, medium, and long term.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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