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Rivian Automotive | 8-K: Entered into Convertible Note Purchase Agreements

Rivian Automotive | 8-K: Entered into Convertible Note Purchase Agreements

Rivian Automotive | 8-K:签订可转换票据购买协议
美股SEC公告 ·  06/25 17:06

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On June 25, 2024, Rivian Automotive, Inc. entered into a significant financial agreement with Volkswagen International America Inc., a subsidiary of Volkswagen AG. The agreement involves the sale of a $1.0 billion convertible promissory note to Volkswagen, which will automatically convert into shares of Rivian's Class A common stock under certain conditions. The note carries a 4.75% interest rate and is part of a larger expected $5.0 billion investment by Volkswagen Group into Rivian, in connection with a proposed joint venture (JV) focused on next-generation electrical architecture and software technology. The JV and additional investments are contingent upon regulatory approvals and the finalization of definitive agreements. The note will mature in two years unless converted or redeemed earlier, and it ranks equally with Rivian's other senior unsecured debts. The partnership between Rivian and Volkswagen Group aims to close the JV in the fourth quarter of 2024, with further investments planned for 2025 and 2026, subject to achieving certain milestones and obtaining regulatory approvals.
On June 25, 2024, Rivian Automotive, Inc. entered into a significant financial agreement with Volkswagen International America Inc., a subsidiary of Volkswagen AG. The agreement involves the sale of a $1.0 billion convertible promissory note to Volkswagen, which will automatically convert into shares of Rivian's Class A common stock under certain conditions. The note carries a 4.75% interest rate and is part of a larger expected $5.0 billion investment by Volkswagen Group into Rivian, in connection with a proposed joint venture (JV) focused on next-generation electrical architecture and software technology. The JV and additional investments are contingent upon regulatory approvals and the finalization of definitive agreements. The note will mature in two years unless converted or redeemed earlier, and it ranks equally with Rivian's other senior unsecured debts. The partnership between Rivian and Volkswagen Group aims to close the JV in the fourth quarter of 2024, with further investments planned for 2025 and 2026, subject to achieving certain milestones and obtaining regulatory approvals.
2024年6月25日,Rivian汽车公司与大众国际美洲公司(大众集团的子公司)达成了一项重要的财务协议。该协议涉及向大众出售10亿美元可转换可担保票据,如果满足某些条件,将自动转换为Rivian的A类普通股。票据的利率为4.75%,是大众集团向Rivian投资的预期50亿美元总投资的一部分,此次投资是为了实现下一代电气架构和软件技术的合作。合资企业和其他投资取决于监管机构的批准和最终协议的敲定。该票据将在两年内到期,除非提前转换或赎回,它与Rivian其他优先无担保债务平等。Rivian和大众集团的合作旨在在2024年第四季度完成JV,并计划在2025年和2026年进行进一步的投资,前提是实现一定的里程碑和获得监管机构的批准。
2024年6月25日,Rivian汽车公司与大众国际美洲公司(大众集团的子公司)达成了一项重要的财务协议。该协议涉及向大众出售10亿美元可转换可担保票据,如果满足某些条件,将自动转换为Rivian的A类普通股。票据的利率为4.75%,是大众集团向Rivian投资的预期50亿美元总投资的一部分,此次投资是为了实现下一代电气架构和软件技术的合作。合资企业和其他投资取决于监管机构的批准和最终协议的敲定。该票据将在两年内到期,除非提前转换或赎回,它与Rivian其他优先无担保债务平等。Rivian和大众集团的合作旨在在2024年第四季度完成JV,并计划在2025年和2026年进行进一步的投资,前提是实现一定的里程碑和获得监管机构的批准。
声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息