Waymo closes $5 billion first debt financing

Waymo closes $5 billion first debt financing

Waymo closed a $5 billion loan, its first debt financing, with PIMCO, Blackstone and Sixth Street among lenders and Goldman Sachs as sole lead bookrunner. The upsized raise follows February's $16 billion equity round at a $126 billion valuation and will fund global expansion. Waymo called it a step toward a "scaling commercial enterprise."

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