Rivian funds committed $1 billion 10-year term loan facility from Volkswagen Group
Bitget2026/10/07 20:18Rivian funded a committed USD 1 billion, 10-year term loan facility tied to its Volkswagen joint venture. Facility is non-recourse to Rivian, carries a 6.03% fixed rate, secured by its 50% joint venture equity interest. Funding ran through back-to-back loans: the joint venture drew Loan A, then funded Rivian SPV’s Loan B distribution to Rivian. Loans mature Oct. 7, 2036; principal amortization starts in year three at USD 100 million annually, paid semi-annually. Interest is paid semi-annually, first due on the second anniversary; Loan B allows penalty-free prepayment with matching Loan A prepayment. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rivian Automotive Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001874178-26-000061), on October 07, 2026, and is solely responsible for the information contained therein.
- Rivian funded a committed USD 1 billion, 10-year term loan facility tied to its Volkswagen joint venture.
- Facility is non-recourse to Rivian, carries a 6.03% fixed rate, secured by its 50% joint venture equity interest.
- Funding ran through back-to-back loans: the joint venture drew Loan A, then funded Rivian SPV’s Loan B distribution to Rivian.
- Loans mature Oct. 7, 2036; principal amortization starts in year three at USD 100 million annually, paid semi-annually.
- Interest is paid semi-annually, first due on the second anniversary; Loan B allows penalty-free prepayment with matching Loan A prepayment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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