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Rivian (RIVN) explains new debt offering is not due to financial health concerns

By electrek.co 10/18/2023 - 15:05 10/18/2023 Electrek

After revealing plans to issue another $1.5 billion in convertible debt, concerns about Rivian’s (RIVN) financial health have risen. The EV maker’s CEO, RJ Scaringe, explained that the debt offering creates an additional buffer rather than reflecting concerns over cash.. More…