Rivian Automotive Earlier Announced Funding Of $1B 10-Year Non-Recourse Term Loan From Volkswagen Group At 6.03% Fixed Annual Interest Rate, Secured By Rivian's 50% Equity Interest In Existing JV
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Why It Matters
Rivian got a billion dollar loan from Volkswagen to use for ten years. This money helps Rivian keep building, and the interest rate is locked in at 6.03 percent.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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