Rivian Automotive may raise $2B in the bond market to help fund its growth

May 30, 2025 11:37 AM PDT | By EODHD

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Rivian Automotive may raise $2B in the bond market to help fund its growth — Image source: Kalkine Media

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[Rivian HQ in Irvine] JasonDoiy Rivian Automotive (NASDAQ:RIVN [https://seekingalpha.com/symbol/RIVN]) plans to refinance its upcoming debt with a new high-yield bond sale, according to Bloomberg. Sources indicate a transaction could launch as early as next week to raise $2 billion to replace upcoming maturities in 2026. Early pricing discussions are reported to be around the 10% coupon rate level. Notably, the company said it achieved gross profit of $206 million during Q1 to mark its second consecutive quarter in the green. By hitting the milestone, Rivian (NASDAQ:RIVN [https://seekingalpha.com/symbol/RIVN]) unlocked an expected $1 billion investment from Volkswagen Group (OTCPK:VLKAF [https://seekingalpha.com/symbol/VLKAF]) (OTCPK:VWAGY [https://seekingalpha.com/symbol/VWAGY]) tied to the formation of their joint venture.

The investment is expected to be funded on June 30. As of March 31, Rivian (NASDAQ:RIVN [https://seekingalpha.com/symbol/RIVN]) had a total cash position of $7.18 billion and total debt of $4.44 billion. The electric vehicle maker is actively working to bolster its balance sheet, including the pending joint venture with Volkswagen Group (OTCPK:VLKAF [https://seekingalpha.com/symbol/VLKAF]), which could bring in up to $5.8 billion in additional investment by completion. Rivian (RIVN [https://seekingalpha.com/symbol/RIVN]) previously tapped the bond market by raising approximately $1.25 billion in bonds back in 2021. MORE ON RIVIAN * Rivian: Don't Let The Market Turn You Upside Down Again [https://seekingalpha.com/article/4788108-rivian-dont-let-the-market-turn-you-upside-down-again] * Rivian Automotive: A Dead Cat Bounce [https://seekingalpha.com/article/4787722-rivian-automotive-a-dead-cat-bounce] * Rivian: Improving Setup [https://seekingalpha.com/article/4786672-rivian-improving-setup] * General Motors is said to push for revoking California's EV mandate [https://seekingalpha.com/news/4449903-general-motors-is-said-to-push-for-revoking-californias-ev-mandate] * Biggest stock movers Wednesday: SMCI, AMD, SONY, and more [https://seekingalpha.com/news/4447750-biggest-stock-movers-wednesday-smci-sony-and-more]

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