Rivian Automotive (RIVN) Upsizes and Extends Credit Facility
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Rivian Upsizes and Extends Credit Facility
April 19, 2023 4:05 PM EDTIRVINE, Calif.--(BUSINESS WIRE)-- Rivian Automotive, Inc. (NASDAQ: RIVN) has today announced that Rivian Holdings LLC, a direct subsidiary of Rivian Automotive, has entered into an Amended and Restated asset-based revolving Credit Agreement (A&R Credit Agreement) with JPMorgan Chase Bank as administrative agent. This A&R Credit Agreement amended Rivians existing credit agreement dated May 20, 2021.
Among other things, the A&R Credit Agreement amended the existing Credit Agreement to:
Double the (currently undrawn) revolving commitments to $1.5 billion Increase the letter of credit sublimit from... More