secwatch.observer — SEC 8-K summary
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Issuer:     Rivian Automotive, Inc. / DE (RIVN)
CIK:        0001874178
Form:       8-K
Filed at:   2023-03-10T23:59:59+00:00
Accession:  0001193125-23-067573
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874178/000119312523067573/0001193125-23-067573-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874178/000119312523067573/d426804d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-067573

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