Bloomberg: Waymo upsizes debut private loan to $5B

Bloomberg reported on Oct. 6, citing people familiar with the financing, that Waymo increased its first private loan to $5 billion from more than $3 billion sought earlier. Pimco, Blackstone and Sixth Street were among lenders, Goldman Sachs arranged the deal, and the loan priced at 5.25 percentage points over the benchmark. Later write-ups said the loan was allocated and expected to close soon. Waymo has not announced the deal. This is a single-origin Bloomberg account; syndications are not independent confirmation, and the financing is not confirmed closed.