Waymo Secures $5 Billion Loan—Its First—to Fuel Expansion Plans

Alphabet’s robotaxi company turns to lenders for the first time as it eyes new markets at home and abroad. ‘This is an important step in our evolution,’ the company says.

BY KEVIN HAYNES, NEWS WRITER

Waymo has secured a $5 billion term loan, its first-ever foray into debt financing, as the self-driving company accelerates plans to roll its robotaxi fleet into new markets and scale existing operations.

The funding, announced........

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