Rivian Automotive (RIVN) Announces Proposed $1.5B Convertible Senior Notes Offering
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Rivian Automotive, Inc. Announces Proposed Green Convertible Senior Notes Offering
October 4, 2023 5:42 PM EDTIRVINE, Calif.--(BUSINESS WIRE)-- Rivian Automotive, Inc. (Nasdaq: RIVN) (Rivian) today announced its intention to offer, subject to market and other conditions, $1,500,000,000 aggregate principal amount of green convertible senior notes due 2030 (the notes) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). Rivian also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $225,000,000 principal amount of... More
