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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Rivian Automotive Inc | NASDAQ:RIVN | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.40 | 4.49% | 9.30 | 9.28 | 9.30 | 9.55 | 8.84 | 8.85 | 27,707,982 | 00:59:44 |
From May 2022 to May 2024
By Stephen Nakrosis
Rivian Automotive, Inc. on Monday said it plans to offer green convertible senior notes due in a private offering.
The maker of electric vehicles said it plans to use the net proceeds from the offering for financing, refinancing or making investments in eligible green projects as described in its green financing framework. Such projects include clean transportation, renewable energy, and pollution prevention and control, among others.
Rivian said it intends to offer $1.3 billion aggregate principal amount of green convertible senior notes due 2029. The notes will be senior, unsecured obligations of Rivian, the company said.
The company also said it expects to grant initial purchasers an option to purchase up to an additional $200 million principal amount of notes.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
March 06, 2023 18:10 ET (23:10 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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