[Stay on top of transportation news: Get TTNews in your inbox.] Waymo seeks more than $3B in first debt deal to fund growth Pimco, Blackstone, Sixth Street among lenders set to provide the loan to autonomous driving company Bloomberg News Key Takeaways: - Waymo is nearing its first debt financing, seeking more than $3 billion from lenders including Pimco, Blackstone and Sixth Street Partners. - The move broadens Waymo’s funding as it expands beyond 500,000 weekly paid trips and confronts rising artificial intelligence costs. - Waymo, working with Goldman Sachs, aims to finalize the unrated loan in coming days, though terms could change, people familiar with talks said. Waymo is in the final stages of talks to raise debt for the first time, tapping lenders including Pacific Investment Management Co. for more than $3 billion as it looks to become the leading robotaxi company globally. Blackstone Inc. and Sixth Street Partners are among other lenders providing the loan to Alphabet Inc.’s autonomous driving unit, according to people with knowledge of the transaction. The debt will be unrated and could price at more than 500 basis points over the benchmark, the people said, asking not to be identified as the details are private. Waymo, which has been working with Goldman Sachs Group, is looking to finalize the deal in the coming days, the people said. The discussions are ongoing and details may change, they added. Representatives for Waymo, Goldman Sachs, Pimco, Blackstone and Sixth Street declined to comment. Waymo has traditionally relied on the equity markets to help fund its growth, raising $16 billion earlier this year at a valuation of $126 billion. But as Waymo continues to expand its driverless fleet and grapples with rising AI costs, it is looking for other forms of capital that’ll allow it to grow