- Rivian Automotive (NASDAQ:RIVN) and affiliated issuers have priced $1.25B in 10.000% senior secured green notes due 2031.
- Proceeds will be used, along with cash on hand, to redeem all outstanding $1.25B floating rate senior secured notes due 2026.
- The note offering is expected to close on June 12, 2025.
- The structure anticipates future funding of Rivian’s Department of Energy loan facility, impacting lien priorities.
- Source: Press release
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