WAYMO TAPS DEBT MARKETS FOR FIRST TIME
Waymo is in final talks with PIMCO, Blackstone and Sixth Street for more than $3B of unrated debt, which could price at 500+ bps over the benchmark, per Bloomberg.
The financing comes after Waymo raised $16B in equity earlier this year at a $126B valuation.
The $GOOGL unit now handles 500K+ paid rides per week across 14 U.S. cities and is targeting 1M weekly rides across 20 cities globally this year.