Summary
Waymo says it has closed its first debt financing: a $5 billion term loan. The company plans to use the capital to support expansion of its autonomous ride-hailing service in the United States and internationally.
Waymo said on October 8, 2026, that it had closed a $5 billion term loan, its first debt financing. The company says it will use the capital to accelerate expansion of its fully autonomous ride-hailing service in the United States and internationally.
Debt joins Waymo’s expansion funding
The loan adds borrowing to a financing mix that this year also included a $16 billion equity investment, which Waymo said was intended to accelerate expansion of its autonomous driving system, the Waymo Driver. Equity represents an ownership investment; debt is borrowing that must be repaid under agreed terms. The announcement describes the loan as giving Waymo additional financial flexibility, but does not detail its repayment terms.
Waymo said its service launched in its fifteenth US city in September and that it had announced new international cities. It presented the loan as support for continued growth in those commercial operations, without specifying how the funds will be divided among markets or expansion activities.
PIMCO, Blackstone and Sixth Street participated as lead syndicated lenders. Capital Group, Loomis Sayles and T. Rowe Price were named as significant lenders. Other participating lenders included Apollo, Blue Owl, Diameter Capital Partners, Franklin Templeton, Fidelity Management & Research Company, HPS Investment Partners and Oaktree. Goldman Sachs served as sole lead bookrunner.
The financing gives Waymo another source of capital as it seeks to grow its robotaxi service. The company says that expansion will remain focused on improving road safety and making transportation more accessible.