Rivian funds $1.0B 10-year VW term loan at 6.03%; proceeds go to general corporate purposes

Rivian Automotive, Inc. / DE

On the Oct 7, 2026 funding date Rivian drew the full $1.0B committed facility under the Loan B agreement with the Rivian-Volkswagen joint venture.
Loan B carries a 6.03% fixed rate; the matching Loan A from Volkswagen Specter LLC accrues 5.93%; both mature Oct 7, 2036.
Amortization starts on the third anniversary: $100M of principal per loan repaid yearly in $50M semi-annual installments, balance due at maturity.
The debt is non-recourse to Rivian and secured only by Rivian JV SPC's 50% equity interest in the joint venture; Rivian provides no guarantee.
Interest is payable semi-annually beginning on the second anniversary; Loan B can be prepaid without penalty, triggering a mandatory matching Loan A prepayment.

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.