Green Project–Bardiani–CSF–Faizanè

Rivian Automotive, Inc. Prices $1.5 Billion Green Convertible Senior Notes Offering

Retrieved on: 
Friday, October 6, 2023
Alternative Vehicles, Fuels, Mobile, Wireless, Technology, EV, Electric Vehicles, Semiconductor, Automotive, General Automotive, Performance & Special Interest, Hardware, Electronic Design Automation, Automotive industry, SEC Rule 144A, Investment, Green, Green Project–Bardiani–CSF–Faizanè, Transport, Observation, Sale, Exercise, Security (finance), Cryptocurrency, Rivian

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”).

Key Points: 
  • 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.
  • Before July 15, 2030, noteholders will have the right to convert their notes only upon the occurrence of certain events.
  • The capped call transactions cover, subject to customary adjustments, the number of shares of Rivian’s common stock underlying the notes.

Rivian Automotive, Inc. Announces Proposed Green Convertible Senior Notes Offering

Retrieved on: 
Wednesday, October 4, 2023
Automotive, Automotive Manufacturing, General Automotive, EV, Electric Vehicles, Manufacturing, Off-Road Trucks & SUVs, Alternative Vehicles, Fuels, Exercise, Green Project–Bardiani–CSF–Faizanè, SEC Rule 144A, Automotive industry, Sale, Green, Investment, Observation, Transport, Security (finance), Cryptocurrency, Rivian

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”).

Key Points: 
  • 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”).
  • The notes will be senior, unsecured obligations of Rivian, will accrue interest payable semi-annually in arrears and will mature on October 15, 2030, unless earlier repurchased, redeemed or converted.
  • If certain events that constitute a “fundamental change” occur, then, subject to limited exceptions, noteholders may require Rivian to repurchase their notes for cash.
  • The interest rate, initial conversion rate and other terms of the notes will be determined at the pricing of the offering.