Reported Earlier, Rivian Automotive Prices $1.5B Of 3.625% Green Convertible Senior Notes Due 2030
Portfolio Pulse from Benzinga Newsdesk
Rivian Automotive has priced its offering of $1.5 billion aggregate principal amount of 3.625% green convertible senior notes due 2030. The issuance and sale of the notes are scheduled to settle on October 10, 2023. Rivian also granted the initial purchasers an option to purchase up to an additional $225 million principal amount of notes.
October 06, 2023 | 5:58 am
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POSITIVE IMPACT
Rivian's pricing of $1.5 billion green convertible senior notes could potentially attract more investors, potentially impacting its stock price.
The issuance of green convertible senior notes by Rivian is a significant financial move. It could attract more investors interested in green investments, potentially leading to an increase in demand for Rivian's stock. However, the actual impact will depend on the market's reception of this offering.
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