Rivian Automotive, Inc. / DE (RIVN): debt financing — Rivian amends DOE loan, increasing total commitment to ~$4.0B plus capitalized interest of ~$494M

Rivian Automotive, Inc. / DE

Note A Loan: up to $3.355B principal plus $315.4M capitalized interest, 15-year term maturing March 2045.
Note B Loan: up to $650.9M principal plus $178.3M capitalized interest, 10-year term maturing June 2041.
Proceeds used for first phase of 300,000 units/year EV production facility in Stanton Springs North, Georgia.
Conditions precedent include maintaining positive gross margin and achieving certain vehicle sales metrics before first advance.
Equity contributions required from Rivian for project costs overruns up to a specified cap.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Rivian Automotive, Inc. / DE amended term loan of aggregate principal amount of up to $3,355,410,861.67 (Note A Loan) and up to $650,902,306.53 (Note B Loan), plus capita with United States Department of Energy at equal to the United States Treasury-equivalent yield curve with 0% credit spread maturing Note A Loan will mature on March 15, 2045; Note B Loan will mature on June 15, 2041.

Instrument: term loan
Principal: aggregate principal amount of up to $3,355,410,861.67 (Note A Loan) and up to $650,902,306.53 (Note B Loan), plus capita
Counterparty: United States Department of Energy
Rate: equal to the United States Treasury-equivalent yield curve with 0% credit spread
Maturity: Note A Loan will mature on March 15, 2045; Note B Loan will mature on June 15, 2041
Event: amendment

Exact text from the filing

A&R LARSSA. The amended facility is comprised of two tranches, with the first tranche consisting of an approximate 15-year term loan in an aggregate principal amount of up to $3,355,410,861.67, plus capitalized interest in an aggregate amount of up to $315,352,641.39 (the “ Note A Loan ”), and with a second tranche consisting of an approximate 10-year term loan in an

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Rivian Automotive, Inc. / DE entered into Amended and Restated Loan Arrangement and Reimbursement and Sponsor Support Agreement with United States Department of Energy valued at multi-draw term loan facility with aggregate principal amount up to $4,006,313,168.20 plus capitaliz (effective 2026-04-30).

Action: entry
Agreement: credit facility
Counterparty: United States Department of Energy
Value: multi-draw term loan facility with aggregate principal amount up to $4,006,313,168.20 plus capitaliz
Effective: 2026-04-30

Exact text from the filing

On April 30, 2026, (the “ Amendment and Restatement Date ”), Rivian New Horizon, LLC (the “ Borrower ”) and Rivian Automotive, Inc. (the “ Sponsor ” or the “ Company ”) entered into an Amended and Restated Loan Arrangement and Reimbursement and Sponsor Support Agreement (the “ A&R LARSSA ”) with the United States Department of Energy (“ DOE ”), pursuant to which DOE has agreed to certain amendments in respect of a multi-draw term loan initially arranged under the original Loan Arrangement and Reimbursement and Sponsor Support Agreement dated January 16, 2025 (the “ Original LARSSA ”).

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10 debt financings filed in the last 30 days. Browse all debt financings →

Rivian Automotive, Inc. / DE filing history →

Source: SEC EDGAR

accession 0001104659-26-052895

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