# Waymo Secures $3B Debt Deal With Pimco, Blackstone

> Waymo has raised more than $3 billion in its first-ever debt deal, tapping heavyweight institutions PIMCO, Blackstone, and Sixth Street Partners rather than leaning solely on equity from parent Alphabet. Goldman Sachs is advising on the unrated loan, which could price at more than 500 basis points over its benchmark, a rich yield that reflects how lenders view a still-scaling robotaxi business. The move is a notable shift in how the autonomous-vehicle leader funds itself. It follows a $16 billion equity raise in March 2026 that valued Waymo at $126 billion, and the pivot to debt suggests the company wants to expand its fleet and absorb rising AI infrastructure costs without diluting shareholders further each time. Reaching for debt is a sign of a certain maturity: lenders only extend unrated loans of this size when they believe the revenue is real enough to service them. For a sector long defined by cash-burning promises, Waymo borrowing against its future is a small but telling vote of confidence in robotaxis as an actual business.

_Section: [AI Funding Tracker](https://www.wortins.com/funding) · Source: Bloomberg · Published Thursday, September 3, 2026_

## Wortins' read

Waymo has raised more than $3 billion in its first-ever debt deal, tapping heavyweight institutions PIMCO, Blackstone, and Sixth Street Partners rather than leaning solely on equity from parent Alphabet. Goldman Sachs is advising on the unrated loan, which could price at more than 500 basis points over its benchmark, a rich yield that reflects how lenders view a still-scaling robotaxi business. The move is a notable shift in how the autonomous-vehicle leader funds itself. It follows a $16 billion equity raise in March 2026 that valued Waymo at $126 billion, and the pivot to debt suggests the company wants to expand its fleet and absorb rising AI infrastructure costs without diluting shareholders further each time. Reaching for debt is a sign of a certain maturity: lenders only extend unrated loans of this size when they believe the revenue is real enough to service them. For a sector long defined by cash-burning promises, Waymo borrowing against its future is a small but telling vote of confidence in robotaxis as an actual business.

## Source

[Read the full story at Bloomberg](https://www.bloomberg.com/news/articles/2026-09-02/waymo-taps-pimco-blackstone-for-3-billion-in-first-debt-deal)

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