secwatch.observer — SEC 8-K summary
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Issuer:     Rivian Automotive, Inc. / DE (RIVN)
CIK:        0001874178
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0001193125-23-106449
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874178/000119312523106449/0001193125-23-106449-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874178/000119312523106449/d279881d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-106449

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer