Money-Losing Rivian Tries to Raise Money with Green Convertible Notes
Posted on 03/10/2023
Electric vehicle maker Rivian Automotive, Inc. (Nasdaq: RIVN) announced its intention to offer, subject to market and other conditions, US$ 1.3 billion aggregate principal amount of green convertible senior notes due 2029. The institutional investors purchasing the notes will have the option to buy additional notes worth up to US$ 200 million, if they choose,…
