Waymo Takes Out a $5 Billion Loan to Fund Its Robotaxis
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Waymo closed its first major $5 billion loan to fund expansion of its driverless robotaxi service. The deal is led by PIMCO, Blackstone and Sixth Street with Goldman Sachs arranging it at an interest rate 5.25 percentage points above the benchmark. Waymo will use the debt alongside prior equity funding to scale operations in additional U.S. markets and expand into London and Tokyo.