Rivian prices $1.5 billion green convertible senior notes offering

Rivian Automotive RIVN priced $1.5 billion in green convertible senior notes on Thursday at about $23.29 per share of common stock.

The Irvine, Calif.-based electric-vehicle maker said the notes will accrue interest at a rate of 3.625% and are due in 2030. The company expects net proceeds of about $1.49 billion, or about $1.71 billion if initial buyers exercise certain purchase options.


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