Rivian plans to offer $1.5 billion worth of senior, unsecured “green” convertible notes due in 2030.
Rivian said that it expects its third-quarter revenue to come in between $1.29 billion and $1.33 billion, roughly in line with Wall Street estimates.were sharply lower in early trading on Thursday, after the company said it plans to offer $1.5 billion in convertible notes and provided a preliminary estimate of its third-quarter revenue.late Wednesday, Rivian said that it expects its third-quarter revenue to come in between $1.29 billion and $1.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyIt also estimated that it had cash and equivalents of $9.1 billion as of Sep. 30. Rivian plans to offer $1.5 billion worth of senior, unsecured"green" convertible notes due in 2030. Buyers will have the option to purchase up to an additional $225 million worth of notes,
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