Waymo closes $5bn term loan for robotaxi expansion
PIMCO, Blackstone and Sixth Street led the syndicated lending as Waymo adds debt financing alongside its earlier equity raise.
Waymo closed a $5 billion term loan on October 8, its first debt financing. PIMCO, Blackstone and Sixth Street were the lead syndicated lenders, with Capital Group, Loomis Sayles and T. Rowe Price also providing significant lending.
Other lenders included Apollo, Blue Owl, Diameter Capital Partners, Franklin Templeton, Fidelity Management & Research Company, HPS Investment Partners and Oaktree. Goldman Sachs acted as sole lead bookrunner.
The proceeds will support the expansion of Waymo’s autonomous ride-hailing service in the US and internationally. The debt follows a separate $16 billion equity investment earlier in 2026, adding another source of capital as Waymo extends its commercial operations.
Use of funds
Expand autonomous ride-hailing in the US and internationally