WS News
10 Apr 2025, 12:09
Rivian Extends Credit Agreement and Secures Financing Support from U.S. Department of Energy
On April 8, 2025, Rivian Holdings, LLC, a subsidiary of Rivian Automotive, Inc., signed an amendment to its Amended and Restated Credit Agreement. The changes include an extension of the maturity date to April 8, 2030, with the possibility of an earlier due date if certain debt thresholds are met. Additionally, the amendment allows for the funding of commitments under a previously announced multi-draw term loan facility backed by the U.S. Department of Energy. This financing will support the development of Rivian’s Stanton Springs North Facility. Other covenant adjustments were also made. JPMorgan Chase Bank, N.A. continues to serve as administrative agent for the credit agreement.
On April 8, 2025, Rivian Holdings, LLC, a subsidiary of Rivian Automotive, Inc., signed an amendment to its Amended and Restated Credit Agreement. The changes include an extension of the maturity date to April 8, 2030, with the possibility of an earlier due date if certain debt thresholds are met. Additionally, the amendment allows for the funding of commitments under a previously announced multi-draw term loan facility backed by the U.S. Department of Energy. This financing will support the development of Rivian’s Stanton Springs North Facility. Other covenant adjustments were also made. JPMorgan Chase Bank, N.A. continues to serve as administrative agent for the credit agreement.