Waymo closes $5 billion loan to fund global expansion

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 running the deal. The upsized raise follows February's $16 billion equity round, a share sale, at a $126 billion valuation and will fund global expansion. Waymo called it a step toward a 'scaling commercial enterprise.'