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Rivian Plans Debt Deal to Tackle Costs and 2026 Loans
According to a new report by Bloomberg, Rivian is working with JPMorgan on a potential $2 billion bond deal. If that sounds confusing, here’s what that means. Instead of raising money by selling more stock (which can hurt share prices), Rivian is looking to borrow money by offering high-interest bonds to investors, basically that means, “We’ll pay you back later with interest if you lend us cash now.” These types of bonds are usually riskier (hence “high-yield”), and early estimates…