share_log

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

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

Rivian Automotive | 8-K:簽訂可轉換票據購買協議
美股sec公告 ·  06/25 17:06
Moomoo AI 已提取核心訊息
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汽車公司與大衆國際美洲公司(大衆集團的子公司)達成了一項重要的財務協議。該協議涉及向大衆出售10億美元可轉換可擔保票據,如果滿足某些條件,將自動轉換爲Rivian的A類普通股。票據的利率爲4.75%,是大衆集團向Rivian投資的預期50億美元總投資的一部分,此次投資是爲了實現下一代電氣架構和軟件技術的合作。合資企業和其他投資取決於監管機構的批准和最終協議的敲定。該票據將在兩年內到期,除非提前轉換或贖回,它與Rivian其他優先無擔保債務平等。Rivian和大衆集團的合作旨在在2024年第四季度完成JV,並計劃在2025年和2026年進行進一步的投資,前提是實現一定的里程碑和獲得監管機構的批准。
2024年6月25日,Rivian汽車公司與大衆國際美洲公司(大衆集團的子公司)達成了一項重要的財務協議。該協議涉及向大衆出售10億美元可轉換可擔保票據,如果滿足某些條件,將自動轉換爲Rivian的A類普通股。票據的利率爲4.75%,是大衆集團向Rivian投資的預期50億美元總投資的一部分,此次投資是爲了實現下一代電氣架構和軟件技術的合作。合資企業和其他投資取決於監管機構的批准和最終協議的敲定。該票據將在兩年內到期,除非提前轉換或贖回,它與Rivian其他優先無擔保債務平等。Rivian和大衆集團的合作旨在在2024年第四季度完成JV,並計劃在2025年和2026年進行進一步的投資,前提是實現一定的里程碑和獲得監管機構的批准。
声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息