Rivian Automotive Receives $1 Billion Term Loan From Volkswagen Linked to Joint Venture

MT newswire2026/10/07 21:10

05:10 PM EDT, 10/07/2026 (MT Newswires) -- Rivian Automotive (RIVN) said in a late Wednesday regulatory filing that it has received a $1 billion, 10-year term loan from Volkswagen, bearing a rate of 6.03% related to a joint venture agreement. The loan is secured by a 50% equity interest in the JV owned by Rivian JV, according to the filing. Volkswagen unit Volkswagen Specter offered a $1 billion term loan A to the JV called Rivian and Volkswagen Group Technologies at 5.93%, which then lent that amount to Rivian JV at 6.03%, according to the filing. Rivian JV used the proceeds to make a distribution to the company, which it will use for general corporate purposes, according to the filing.

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