Waymo, the Alphabet-owned robotaxi operator, has closed a $5 billion term loan as its first major move into debt financing. Multiple outlets report that the deal is led by lenders including Blackstone, PIMCO, and Sixth Street, and that the financing is structured as a private loan.
Waymo says the proceeds are intended to support growth of its driverless ride-hailing service. The company links the funding to plans to expand operations across the United States and internationally. Reporting also indicates that the loan size is positioned as an inaugural debt raise, emphasizing that it is new for Waymo compared with prior funding approaches.
Across the coverage, the main emphasis is consistent: Waymo’s transition to debt at a $5 billion scale and the intended use of capital for scaling robotaxi services, particularly as it broadens its geographic footprint.
