PIMCO, Blackstone and Sixth Street lead the lenders, and Goldman Sachs arranged the loan. Earlier this year Waymo also closed 16 billion dollars of equity; the money is for expansion in the US and abroad.
- 8 October 2026: Waymo closed a 5 billion dollar term loan, its first debt financing.
- Lead lenders: PIMCO, Blackstone and Sixth Street; Goldman Sachs is the sole lead bookrunner. Earlier this year: 16 billion dollars of equity.
- The money is for expanding the service in the US and abroad. The page gives no interest rate, term or collateral.
A loan gets paid back. That is the most important thing in Waymo's 8 October announcement: for the first time the company takes 5 billion dollars that it has to return.
The announcement is short. It has the lenders, the amount and one sentence from Waymo worth reading: the loan is "an important step in our evolution into a scaling commercial enterprise". The reading is ours: whoever lends 5 billion looks at revenue, not only at the future. How much revenue there is, Waymo does not say.
The announcement has no interest rate, term or collateral. When Waymo or the lenders state them, we will see how expensive this loan was. Until then we have the amount and the names.