Alphabet (GOOGL) Stock: Waymo in Final Talks for $3 Billion Debt Deal With Pimco and Blackstone
TLDR
- Waymo is in final talks to raise more than $3 billion in debt for the first time, with lenders including Pimco, Blackstone, and Sixth Street Partners.
- The unrated loan could carry an interest rate more than 500 basis points above its benchmark rate.
- Goldman Sachs is advising Waymo on the deal, which could close within days.
- The raise follows Waymoโs $16 billion equity round in February 2026, which valued the company at $126 billion.
- Waymo is targeting one million paid rides per week across 20 cities globally this year.
Waymo is in the final stages of talks to raise more than $3 billion in debt, marking the first time Alphabetโs self-driving unit has turned to debt financing. Lenders in the deal include Pacific Investment Management (Pimco), Blackstone, and Sixth Street Partners, according to Bloomberg.
Goldman Sachs is working with Waymo on the transaction, which could be finalized within days. Terms are still being discussed and could change.
The loan is expected to be unrated and could price at more than 500 basis points, or five percentage points, above its benchmark rate. That makes it a relatively expensive form of financing.
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