Waymo closed a $5 billion term loan, its first debt financing, with PIMCO, Blackstone and Sixth Street as lead lenders and Goldman Sachs as sole bookrunner. Earlier this year it raised $16 billion in equity. Waymo says the money will speed expansion of its driverless ride-hailing service in the U.S. and abroad; it launched in its fifteenth U.S. city last month.