Waymo pursues first $3B debt raise with Pimco, Blackstone and others
BX Blackstone Inc
$136.82 +0.12%
View chart & analysis → - 1Waymo, Alphabet's (GOOG) self-driving unit, is close to clinching its first debt financing of more than $3 billion from lenders including Pimco.
- 2Blackstone (BX) and Six Street Partners are also participating in the loan, which is expected to carry a spread of more than 500 basis points over the benchmark rate.
- 3Waymo, which has relied on equity funding in the past, turned to debt to expand its driverless fleet and cover rising AI costs.
This 3-line summary is compiled from the report below.
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