TLDR Tech / News
Waymo secures $5B debt financing for business expansion
Waymo has finalized a $5 billion term loan, its inaugural debt financing, with backing from major institutional lenders such as PIMCO, Blackstone, and Sixth Street. This financial move, following a $16 billion equity investment earlier this year, is intended to support the scaling of its commercial operations and the global deployment of the Waymo Driver. The increased financial flexibility aims to bolster the company's financial standing as it grows its fully autonomous ride-hailing services.
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