Reuters2023-03-07
SAN FRANCISCO, March 6 (Reuters) - Rivian Automotive plans to sell green bonds worth $1.3 billion, it said on Monday, as weakening demand and lofty costs tighten a cash crunch around electrical vehicle makers.
Initial investors will get an option to buy an additional $200 million of the bonds for settlement 13 days after the bonds are issued, Rivian said in a statement.
Rivian shares dropped 7.8% in extended trading.
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