Waymo closes $5 billion debt financing

Alphabet's Waymo announced it closed a $5 billion term loan, the self-driving rideshare company's inaugural debt financing round. Neither Alphabet nor other equity partners provided a corporate guarantee on the loan, which closed at an upsized amount.

• Waymo closed its first-ever debt round at $5 billion
• The financing is structured as a term loan
• Alphabet and other equity partners gave no corporate guarantee
• The loan closed at an upsized amount