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Rivian Has a $4.5 Billion Loan Crucial for Growth. But Can It Actually Get the Money?
Source: fool.com
Automotive & EVCredit & Bond MarketsCompany Fundamentals
Rivian renegotiated its original $6.57 billion Department of Energy loan down to $4.5 billion, a reduction of $2.07 billion. The loan is described as crucial to supporting construction of the company’s second production factory; the article gives no further details on the change’s financial or project impact.
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