Rivian Explores $2 Billion High-Yield Bond Offering with JPMorgan

Rivian Announces Plans for $1.25 Billion Green Bond to Refinance 2026 Notes

Irvine-headquartered EV maker Rivian said on Monday it plans to issue $1.25 billion in senior secured green notes due 2031 through a private offering, with proceeds to be used to redeem outstanding debt maturing in 2026. In a SEC filing, the company said it expects to use the net proceeds, alongside existing cash, to redeem in full the $1.25 billion in outstanding floating-rate senior secured notes due 2026 and cover related fees and expenses. O…

Rivian Explores $2 Billion High-Yield Bond Offering with JPMorgan

Rivian Automotive is working with JPMorgan Chase on a potential high-yield bond offering to raise up to $2 billion, partly aimed at refinancing bonds maturing in 2026, Bloomberg News reported on Friday, citing people familiar with the matter. Initial pricing discussions suggest the bonds could yield around 10%, according to the report. JPMorgan is sounding [...] The post Rivian Explores $2 Billion High-Yield Bond Offering with JPMorgan – Report …