Rivian draws $1B term loan from Volkswagen (RIVN:NASDAQ)
· seekingalpha.com
Rivian secures $1B Volkswagen funding via JV loans at ~6% fixed rate, non-recourse and backed by JV equity.
Rivian Automotive (RIVN) received the full $1 billion commitment from Volkswagen Group (VWAGY), with proceeds distributed to the electric-vehicle maker for gene...