From Yahoo Finance: 2025-05-30 14:05:00

Rivian Automotive is working with JPMorgan Chase on a potential $2 billion high-yield bond sale to refinance upcoming debt, including existing bonds maturing in 2026. Early pricing talks suggest a 10% yield. The deal may launch next week, pending discussions. Rivian recently lowered its 2025 deliveries forecast due to U.S. tariffs impacting imported vehicle costs. CEO RJ Scaringe cited higher expenses on a per-vehicle basis. Despite manufacturing in the U.S., Rivian relies on Asian countries for lithium-ion batteries, subject to significant duties.

Read more: Rivian eyes new debt deal as expected vehicle deliveries slump, Bloomberg News reports