---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-106449"
form_type: "8-K"
ticker: "RIVN"
cik: "0001874178"
company_name: "Rivian Automotive, Inc. / DE"
filed_at: "2023-04-19T23:59:59+00:00"
generated_at: "2026-06-16T23:55:11.791128+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Rivian expands ABL credit facility to $1.5B, extends maturity to April 2028

## Summary
- Revolving commitments doubled to $1.5B; letter of credit sublimit increased to $1.0B from $500M.
- Maturity extended to earlier of April 2028 or 91 days prior to certain debt maturities above $200M.
- Borrowing base now includes eligible batteries in-transit; interest rate benchmark changed.
- Permitted to request additional commitments up to $2.0B total under the facility.

## SEC filing metadata
- accession: 0001193125-23-106449
- form_type: 8-K
- ticker: RIVN
- cik: 0001874178
- company_name: Rivian Automotive, Inc. / DE
- filed_at: 2023-04-19T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1874178/000119312523106449/0001193125-23-106449-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874178/000119312523106449/d279881d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-106449
- JSON: https://secwatch.observer/filing/0001193125-23-106449.json
- Plain text: https://secwatch.observer/filing/0001193125-23-106449.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874178/000119312523106449/0001193125-23-106449-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874178/000119312523106449/0001193125-23-106449-index.htm

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