Waymo closed a $5 billion term loan, the first debt financing in its history

Waymo said on October 8 that it had closed a $5 billion term loan, the first debt financing in the company’s history.

The syndicate was led by PIMCO, Blackstone and Sixth Street. Capital Group, Loomis Sayles and T. Rowe Price were named as significant lenders, and Apollo, Blue Owl, Diameter Capital Partners, Franklin Templeton, Fidelity Management & Research Company, HPS Investment Partners and Oaktree as additional lenders. Goldman Sachs acted as sole lead bookrunner.

The post, bylined by chief financial officer Steve Fieler, said the capital would fund expansion of the company’s fully autonomous ride-hailing service in the United States and internationally. It referred to a $16 billion equity investment earlier in 2026 and said the company had launched its fifteenth US city in the previous month.

Waymo stated no interest rate, maturity or spread over the benchmark. Its parent, Alphabet, filed no Form 8-K covering the transaction and appeared in neither the Securities and Exchange Commission’s daily filing index for October 7 nor the index for October 8. Waymo is not itself an SEC reporting company, so no compelled disclosure of the loan’s terms exists in the US registers.

A footnote to the post said institutional participation might be held through funds, client accounts or vehicles managed by the named firms or their affiliates.