Rivian Prices $1.5 Billion Green Convertible Note Offering to Fund Eligible Projects

Rivian prices $1.5 billion offering of 3.625% green convertible senior notes due 2030.

Notes convertible into Rivian common stock at $23.29 per share.

Net proceeds to be allocated to eligible green projects.

Rivian enters capped call transactions to reduce potential dilution.

Notes offered only to qualified institutional buyers under Rule 144A.