Reported about 17 hours ago
Rivian Automotive Inc. (NASDAQ:RIVN) has retained its Overweight rating and $15 price target from Cantor Fitzgerald after announcing a $1.25 billion debt refinance. The company plans to raise this amount through a private offering of green notes due in 2031, which will be secured by its assets and used to repay existing floating-rate notes maturing in 2026. Additionally, Rivian is considering selling high-yield bonds to secure further refinancing.
Source: YAHOO