Rivian Automotive, Inc. Announces Proposed Green Convertible Senior Notes Offering
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Rivian (RIVN) shares drop on planned convertible bond offering
March 7, 2023 7:35 AM ESTRivians (NASDAQ: RIVN) stock fell as much as 8% to $15.75 in late trading on Monday after the electric vehicle maker announced that it is seeking to raise $1.3 billion through the sale of green convertible bonds due in 2029. Rivian plans to sell bonds weakening demand and lofty costs tighten a cash crunch around... More
Rivian Automotive (RIVN) sinks 8% following $1.3b green convertible senior offering
March 6, 2023 5:55 PM ESTRivian Automotive (NASDAQ: RIVN) falls 7.8% after-hours after announcing a $1,300,000,000 aggregate principal amount of green convertible senior notes offering
the notes will be due in 2029.Rivian intends to use the net proceeds from the offering to finance, refinance, make... More