---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-067573"
form_type: "8-K"
ticker: "RIVN"
cik: "0001874178"
company_name: "Rivian Automotive, Inc. / DE"
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T05:56:40.637614+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Rivian issues $1.5B green convertible notes at 4.625%, conversion price $20.13

## Summary
- Initial purchasers fully exercised $200M option, raising total to $1.5B principal amount.
- Notes mature March 15, 2029; semi-annual interest at 4.625% beginning Sep 15, 2023.
- Conversion rate 49.6771 shares per $1,000 principal, ~37.5% premium over $14.64 close.
- Net proceeds ~$1.484B (after discounts); allocated to eligible green projects per new framework.
- Notes redeemable at Rivian's option after Mar 20, 2026 if stock exceeds 130% of conversion price.

## SEC filing metadata
- accession: 0001193125-23-067573
- form_type: 8-K
- ticker: RIVN
- cik: 0001874178
- company_name: Rivian Automotive, Inc. / DE
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1874178/000119312523067573/0001193125-23-067573-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874178/000119312523067573/d426804d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-067573
- JSON: https://secwatch.observer/filing/0001193125-23-067573.json
- Plain text: https://secwatch.observer/filing/0001193125-23-067573.txt

## Key facts
- Debt Financings
  Rivian Automotive, Inc. / DE incurred convertible notes of $1,500,000,000 with U.S. Bank Trust Company, National Association at 4.625% maturing March 15, 2029.
  - Instrument: convertible notes
  - Principal: $1,500,000,000
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 4.625%
  - Maturity: March 15, 2029
  - Event: incurrence
  source text: On March 10, 2023, Rivian Automotive, Inc. (the “Company”) issued $1,500,000,000 principal amount of its 4.625% Green Convertible Senior Notes due 2029 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874178/000119312523067573/0001193125-23-067573-index.htm
- Material Agreements
  Rivian Automotive, Inc. / DE entered into Indenture with U.S. Bank Trust Company, National Association valued at $1,500,000,000 principal amount (effective 2023-03-10).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $1,500,000,000 principal amount
  - Effective: 2023-03-10
  source text: On March 10, 2023, Rivian Automotive, Inc. (the “Company”) issued $1,500,000,000 principal amount of its 4.625% Green Convertible Senior Notes due 2029 (the “Notes”). The Notes were issued pursuant to, and are governed by, an indenture (the “Indenture”), dated as of March 10, 2023, between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874178/000119312523067573/0001193125-23-067573-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.