Waymo expands first private bond offering to $5 billion for business expansion
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View chart & analysis → - 1Waymo has significantly increased its private bond offering size to $5 billion.
- 2Waymo's spread was set at 5.25 percentage points above the benchmark rate.
- 3Waymo recorded $16 billion in funding and a $126 billion valuation earlier this year.
So what's the key point?
Waymo has greatly increased the amount of money it is borrowing to expand its business to $5 billion. The company will pay interest at the benchmark rate plus an additional 5.25 percentage points.
Source Investing.com · View original ↗
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