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Waymo is raising more than $3 billion in debt for the first time to fuel its robotaxi expansion

The Alphabet unit is working with Goldman Sachs to finalize the loan, which could price at more than 500 basis points over the benchmark

Jakub Porzycki/NurPhoto via Getty Images

Waymo is negotiating its first-ever debt financing, targeting more than $3 billion from a group of lenders that includes Pacific Investment Management Co., Blackstone Inc., and Sixth Street Partners, according to Bloomberg.

The Alphabet $GOOGL-owned autonomous vehicle unit has partnered with Goldman Sachs $GS Group Inc. on the........

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