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Waymo closes a $5 billion term loan, its first debt financing
Waymo closed a $5 billion term loan, its first debt financing, with PIMCO, Blackstone and Sixth Street as lead syndicated lenders and Goldman Sachs as sole lead bookrunner. Waymo said the capital will accelerate the expansion of its fully autonomous ride-hailing service across the United States and internationally, following a $16 billion equity investment it closed earlier this year.
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Today, Waymo closed a $5 billion term loan, marking our first debt financing and an important step in our evolution into a scaling commercial enterprise. PIMCO, Blackstone, and Sixth Street participated as lead syndicated lenders, with Capital Group, Loomis Sayles, T. Rowe Price as significant lenders. Additional lenders included Apollo, Blue Owl, Diameter Capital Partners, Franklin Templeton, Fidelity Management & Research Company, HPS Investment Partners, and Oaktree. Goldman Sachs served as the sole lead bookrunner. Earlier this year, we closed a $16 billion equity investment to accelerate…