Waymo boosts debut private debt deal to $5B

Waymo’s debut private loan has grown to $5 billion as it funds robotaxi expansion, Bloomberg reported. A Bloomberg-syndicated account says PIMCO, Blackstone, and Sixth Street committed and the loan was priced 5.25 percentage points above benchmark. For autonomous-fleet operators, that spread makes capital cost part of the scale-up equation; compare financing expense with paid-ride utilization as Pony.ai and Uber take a 2,000-robotaxi plan into Europe.