Rivian Automotive (RIVN) Prices $1.5B Convertible Notes Offering
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Rivian Automotive, Inc. Prices $1.5 Billion Green Convertible Senior Notes Offering
October 5, 2023 7:04 PM EDTIRVINE, Calif.--(BUSINESS WIRE)-- Rivian Automotive, Inc. (Nasdaq: RIVN) (Rivian) today announced the pricing of its offering of $1,500,000,000 aggregate principal amount of 3.625% 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). The issuance and sale of the notes are scheduled to settle on October 10, 2023, subject to customary closing conditions. Rivian also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the... More
