Waymo Closes in on $3B Debt Financing Amid Aggressive Expansion Plans
Waymo is finalizing negotiations to secure over $3 billion in debt financing through its first-ever loan deal, led by major lenders Pimco, Blackstone, and Sixth Street Partners. The proposed loan will lack a credit rating and may feature an interest rate exceeding 500 basis points above the benchmark.
Goldman Sachs is serving as Waymo's financial advisor for this transaction, which is expected to conclude imminently. This debt initiative arrives on the heels of Waymo's massive $16 billion equity fundraising round completed in February 2026, establishing a $126 billion company valuation.
Waymo aims to deliver one million weekly paid autonomous rides across 20 global cities throughout this year, with significant operational scale and AI-driven expenses driving the need for debt financing. The autonomous ride-hailing sector faces mounting competitive pressure from Amazon's Zoox platform and Tesla's self-driving technology.