Waymo borrows $5 billion for the first time to grow worldwide

Waymo borrowed $5 billion, its first large loan, from lenders including PIMCO, Blackstone and Sixth Street, with Goldman Sachs as sole organizer of the deal. The larger-than-planned borrowing follows February's $16 billion investment for company shares, valuing Waymo at $126 billion, and will pay for worldwide growth. Waymo called it a step toward a 'scaling commercial enterprise.'