Waymo locks in $5B loan from Blackstone, PIMCO to fuel robotaxi expansion

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Waymo locks in $5B loan from Blackstone, PIMCO to fuel robotaxi expansion

AI Summary

Waymo secured a $5 billion loan from Blackstone and PIMCO to fund its robotaxi expansion. This is the Alphabet-owned company’s first use of debt financing.

This is the first time the Alphabet-owned company has turned to debt financing.

Markets Deals AI & Tech Waymo robotaxis debt financing Blackstone PIMCO expansion

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