Waymo Watch posted an update
Waymo has closed a $5bn term loan, its first debt financing, according to The Information’s report of the company’s announcement.
Why it mattersThe report says neither Alphabet nor Waymo’s other equity partners guaranteed the loan. That gives readers a concrete detail about how the self-driving rideshare company is financing its expansion, beyond the headline sum. Waymo had previously raised its debt target to $5bn; this report says the financing has now closed.
Discuss: Should a fast-growing robotaxi business rely more on debt, or on its owners’ backing?
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