Rivian Automotive (RIVN) aims to raise up to $2 billion in a potential bond sale led by JPMorgan Chase (JPM), Bloomberg reported Friday, citing people familiar with the transaction.
Proceeds from the high-yield bond sale will be partly used to refinance debt due in 2026, the report said.
Early talks suggest the bond may offer a yield around 10% with a possible launch as early as next week, though the plan isn't final and may change, the report said.
JPMorgan declined to comment, and Rivian didn't immediately respond to a request for comment, Bloomberg said.
The companies didn't immediately respond to requests for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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