Key Takeaways
- • Waymo increased the size of its inaugural private debt raise to $5 billion, per Bloomberg reporting based on people familiar with the matter.
- • Pacific Investment Management Co. (Pimco), Blackstone Inc. and Sixth Street Partners were among the investors participating in the private loan.
- • The financing is intended to fund the robotaxi company's growth as it expands globally.
- • The deal marks Waymo's first debt raise, signaling a shift toward private credit to finance its expansion.
Summary
Waymo, the robotaxi company, has increased the size of its inaugural debt raise to $5 billion, according to Bloomberg. The financing was structured as a private loan and is intended to help fuel the company's growth as it expands globally.
Pacific Investment Management Co., Blackstone Inc. and Sixth Street Partners were among the investors who participated in the loan, according to people familiar with the matter. The participation of large private credit managers and asset managers underscores continued institutional appetite for lending to high-growth technology companies outside traditional bank channels.
The source material available for this story is limited, and it does not disclose pricing, tenor, or covenant terms. Further details on the loan structure and the use of proceeds beyond general growth funding were not reported in the primary source.
Pacific Investment Management Co., Blackstone Inc. and Sixth Street Partners were among the investors who participated in the loan, according to people familiar with the matter. The participation of large private credit managers and asset managers underscores continued institutional appetite for lending to high-growth technology companies outside traditional bank channels.
The source material available for this story is limited, and it does not disclose pricing, tenor, or covenant terms. Further details on the loan structure and the use of proceeds beyond general growth funding were not reported in the primary source.
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