Rivian Reports Amended and Restated Loan Agreement with DOE
Summary
On April 30, 2026, Rivian New Horizon, LLC and Rivian Automotive, Inc. (Sponsor) entered into an Amended and Restated Loan Arrangement and Reimbursement and Sponsor Support Agreement (A&R LARSSA) with the United States Department of Energy (DOE), via Exhibit 10.1. This agreement amends an existing multi-draw term loan, providing an "Amended DOE Loan" through the Federal Financing Bank (FFB). The amended facility is comprised of two tranches: * Note A Loan: up to $3,355,410,861.67 principal plus $315,352,641.39 capitalized interest (approx. 15-year term). * Note B Loan: up to $650,902,306.53 principal plus $178,334,190.41 capitalized interest (approx. 10-year term). * Conditions precedent include the Sponsor maintaining positive gross margin. * The loan supports an electric vehicle manufacturing facility in Stanton Springs North, Georgia.
Why It Matters
This amended multi-billion dollar loan agreement with the DOE, totaling over $4.5 billion in principal and capitalized interest, is highly material as it provides significant financing for Rivian's electric vehicle manufacturing facility. Investors should care as it impacts the company's financial obligations and operational capacity.
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Key Quote
“entered into an Amended and Restated Loan Arrangement and Reimbursement and Sponsor Support Agreement (the ".”
— From Item 1.01
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001874178
- Filing Date
- Thursday, April 30, 2026
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- neutral