secwatch.observer — SEC 8-K summary
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Issuer:     Rivian Automotive, Inc. / DE (RIVN)
CIK:        0001874178
Form:       8-K
Filed at:   2026-10-07T20:17:34+00:00
Accession:  0001874178-26-000061
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874178/000187417826000061/0001874178-26-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874178/000187417826000061/rivn-20261007.htm
  HTML page:      https://secwatch.observer/filing/0001874178-26-000061

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