debt
confidence high
sentiment positive
materiality 0.70
Rivian amends credit agreement, extends maturity to 2030 and enables DOE loan for Georgia plant
Rivian Automotive, Inc. / DE
- Extended maturity of existing credit facility to April 8, 2030, subject to earlier maturity if >$200M debt outstanding.
- Amended restrictive covenants to permit funding under previously announced DOE multi-draw term loan for Stanton Springs North Facility.
- All lenders consented; ABL Intercreditor Agreement authorized with Administrative Agent.
- Amendment effective April 8, 2025; post-closing covenant to deliver mortgage documentation within 90 days.