Waymo closes a $5bn loan, its first debt deal, to fund robotaxi growth

Waymo has closed a $5bn term loan, the first time the Alphabet-owned robotaxi company has raised money through debt. Pimco, Blackstone and Sixth Street led the loan, Waymo said on Thursday. The money will go into expanding Waymo’s driverless ride-hailing service across the US and abroad, according to the company.