European Investor
03 Jun 2025, 13:29
Rivian Automotive announced a proposed private offering of $1.25 billion in senior secured green notes due 2031. The proceeds, along with existing cash, will be used to fully redeem its $1.25 billion floating rate senior secured notes due 2026 and to cover associated fees and expenses.
The new notes will be guaranteed by Rivian subsidiaries that support its asset-based revolving credit facility (ABL Facility). These notes will be secured by substantially all assets of the co-issuers and guarantors—excluding ABL Priority Collateral such as inventory and receivables, which secure the ABL Facility on a first-priority basis.
This offering is being made only to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S. The notes are not registered under the Securities Act and cannot be sold in the U.S. without proper exemption.
Rivian emphasized this is not a public offer and included typical forward-looking statement disclaimers.
The new notes will be guaranteed by Rivian subsidiaries that support its asset-based revolving credit facility (ABL Facility). These notes will be secured by substantially all assets of the co-issuers and guarantors—excluding ABL Priority Collateral such as inventory and receivables, which secure the ABL Facility on a first-priority basis.
This offering is being made only to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S. The notes are not registered under the Securities Act and cannot be sold in the U.S. without proper exemption.
Rivian emphasized this is not a public offer and included typical forward-looking statement disclaimers.