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8-KThe WireStrategic

Material Agreement · New Debt / Obligation

Filed Apr 9, 2025 · 1y ago · Accession 0001193125-25-076290

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): April 8, 2025     Rivian Automotive, Inc. (Exact name of registrant as specified in its charter)       Delaware   001-41042   47-3544981 (State or other jurisdiction of incorporation or organization)   (Commission File Number)   (I.R.S. Employer Identification No.) 14600 Myford Road Irvine , California 92606 (Address of principal executive offices) (Zip Code) (888) 748-4261 (Registrant’s telephone number, include area code) N/A (Former Name or Former Address, if Changed Since Last Report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:     ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Class A Common Stock, $0.001 par value per share   RIVN   The Nasdaq Stock Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 1.01. Entry into a Material Definitive Agreement. On April 8, 2025, Rivian Holdings, LLC (the “ Borrower Representative ”), a direct subsidiary of Rivian Automotive, Inc., entered into Amendment No. 1 (the “ Amendment ”) to the Amended and Restated Credit Agreement (the “ A&R Credit Agreement ”), by and among, inter alios, the Borrower Representative, the other borrowers from time to time party thereto, the other subsidiary guarantors from time to time party thereto, the lenders from time to time party thereto, and JPMorgan Chase Bank, N.A., in its capacity as administrative agent. Among other things, the Amendment amended the existing A&R Credit Agreement to:     •   extend the maturity date to April 8, 2030 (subject to an earlier maturity on the date that is 91 days prior to the stated maturity of any debt for borrowed money (subject to certain exclusions) with an aggregate principal amount equal to or exceeding $200 million then outstanding);     •   amend the restrictive covenants in order to permit the funding of commitments under the previously announced multi-draw term loan facility arranged by the United States Department of Energy to finance the construction and development of our Stanton Springs North Facility; and     •   amend certain other covenants. The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the text of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.   Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth above in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.   Item 9.01. Financial Statements and Exhibits. (d) Exhibits   Exhibit Number    Description 10.1^    Amendment No. 1 to Amended and Restated Credit Agreement, dated as of April 8, 2025, by and among Rivian Holdings, LLC, as Borrower Representative, the borrowers and guarantors party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent 104    Cover Page Interactive Data File (embedded within the Inline XBRL document)   ^ Certain schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The registrant undertakes to provide copies of any of the omitted exhibits upon request by the Securities and Exchange Commission. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.       RIVIAN AUTOMOTIVE, INC. Date: April 9, 2025     By:   /s/ Claire McDonough       Claire McDonough       Chief Financial Officer
Filing details
Ticker
RIVN
CIK
1874178
Form type
8-K
Filing date
Apr 9, 2025
Report date
Apr 8, 2025
Document
d901788d8k.htm
Size
1.7 MB