Waymo secures $5 billion loan to expand its robotaxi service

The Alphabet-owned company has used debt financing for the first time, with PIMCO, Blackstone and Sixth Street leading the loan. Waymo said the funding would support expansion of its driverless ride-hailing service in the United States and abroad, according to The Next Web. The company announced the deal on Thursday.

• Goldman Sachs was sole lead bookrunner, according to Quartz.
• Capital Group, Loomis Sayles and T. Rowe Price were significant lenders, The Economic Times reports.

Covered by 5 publishers within 6 hours of the first report.

• TechCrunch: Waymo locks in $5B loan from Blackstone, PIMCO to fuel robotaxi expansion
• Latest 4:37 PM ET The Information: Waymo Closes $5 Billion in Debt Financing

Reporting5

TC TechCrunch Waymo locks in $5B loan from Blackstone, PIMCO to fuel robotaxi expansion · Kirsten Korosec 10:16 AM

ET The Economic Times Alphabet's Waymo secures $5 billion term loan to accelerate expansion 10:45 AM

TNW The Next Web Waymo closes a $5bn loan, its first debt deal, to fund robotaxi growth · Cristian Dina 11:10 AM

QZ Quartz Waymo closed a $5 billion term loan, its first debt financing · Cris Tolomia 2:30 PM

TI The Information Waymo Closes $5 Billion in Debt Financing · Alex Eichenstein 4:37 PM

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Topics GoogleSelf-driving cars