secwatch / observer
8-K filed April 19, 2023, 7:59 PM ET ticker RIVN CIK 0001874178
debt confidence high sentiment positive materiality 0.60

Rivian Automotive, Inc. / DE (RIVN): debt financing — Rivian expands ABL credit facility to $1.5B, extends maturity to April 2028

Rivian Automotive, Inc. / DE

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 revolving credit of $1.5 billion with JPMorgan Chase Bank, N.A. maturing April 19, 2028.

Instrument
revolving credit
Principal
$1.5 billion
Counterparty
JPMorgan Chase Bank, N.A.
Maturity
April 19, 2028
Event
amendment
Exact text from the filing
dated as of May 20, 2021. Among other things, the A&R Credit Agreement amended the existing asset-based revolving Credit Agreement to: • Double the revolving commitments to $1.5 billion; • Increase the letter of credit sublimit from $500 million to $1.0 billion; • Extend the maturity date from May 20, 2025 to a date that is the earlier of April 19, 2028 and a
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Rivian Automotive, Inc. / DE amended Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. valued at $1.5 billion (effective 2023-04-19).

Action
amendment
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A.
Value
$1.5 billion
Effective
2023-04-19
Exact text from the filing
On April 19, 2023, Rivian Holdings, LLC (the “Borrower Representative”), a direct subsidiary of Rivian Automotive, Inc., entered into an Amended and Restated Credit Agreement (the “A&R Credit Agreement”), by and among, inter alios, the Borrower Representative, the other borrowers from time to time party thereto, the other subsidiary guarantors from time to time party thereto, the lenders from time to time party thereto (the “Lenders”) and JPMorgan Chase Bank, N.A., in its capacity as administrative agent for the Lenders.
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Rivian Automotive, Inc. / DE filing history →

Source: SEC EDGAR
accession 0001193125-23-106449
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