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Waymo Adds Debt to Its Robotaxi Bet
GuruFocus ·
GuruFocus reports: Alphabet Inc. (GOOGL, Financials), the technology company behind Waymo, is adding debt to the funding mix as its autonomous vehicle unit accelerates its robotaxi expansion. Waymo said Thursday it closed a $5 billion term loan, marking the company's first debt financing. PIMCO, Blackstone and Sixth Street participated as lead syndicated lenders, while Capital Group, Loomis Sayles and T. Rowe Price were significant lenders. Goldman Sachs served as sole lead bookrunner. The…