Rivian signs agreements with Georgia to start building EV factory (Nov 13)
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Rivian (RIVN) to borrow nearly $15B for Georgia EV plant
November 14, 2023 8:29 AM EST(Updated - November 14, 2023 12:12 PM EST)
(Correction Article has been updated to correct specifics related to bond issuance and payment clarification)
Rivian Automotive (NASDAQ: RIVN) revealed Monday that the Joint Development Authority (JDA) of Jasper, Morgan, Newton & Walton Counties will issue what is known as phantom bonds to assist electric vehicle maker, Rivian (NASDAQ: RIVN) in the construction of a manufacturing plant in the state.
As there is currently no law in Georgia to allow for municipalities to provide... More
