Rivian Is Raising $1.25 Billion in Green Bonds to Refinance 2026 Debt
Rivian just made it official: they’re raising $1.25 billion through a private bond sale. After reports last week hinted at a potential deal with JPMorgan to raise up to $2 billion, the company confirmed it’s moving forward with a $1.25B offering of “senior secured green notes” due in 2031. So what does that mean? In simple terms, Rivian is borrowing money from large institutional investors and promising to repay them by 2031, along with interest. The funds will be used…