Rivian Automotive Inc. Announces $1.25 Billion Senior Secured Green Notes Offering to Refinance Existing Debt

Reuters
06-02
Rivian Automotive Inc. Announces $1.25 Billion Senior Secured Green Notes Offering to Refinance Existing Debt

Rivian Automotive, Inc. has announced a proposed offering of $1.25 billion in senior secured green notes due 2031. The proceeds from this offering, along with cash on hand, are intended to be used to refinance the company's outstanding $1.25 billion floating rate senior secured notes due 2026. This offering is being made to qualified institutional buyers and non-U.S. persons, under Rule 144A and Regulation S of the Securities Act of 1933. The notes are expected to be guaranteed by the company's subsidiaries and secured on a first-priority basis by substantially all assets of the issuers and guarantors, excluding certain assets and permitted liens. Details such as the price, maturity date, and interest rate of the notes were not disclosed in the document.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rivian Automotive Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250602546077) on June 02, 2025, and is solely responsible for the information contained therein.

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