Rivian Automotive, Inc. / DE 8-K

What Happened
Rivian Automotive, through its subsidiary Rivian New Horizon, LLC, filed an 8-K on April 30, 2026 disclosing an Amended and Restated Loan Arrangement and Reimbursement and Sponsor Support Agreement (A&R LARSSA) with the U.S. Department of Energy (DOE). The A&R LARSSA revises the original January 16, 2025 agreement and establishes an amended DOE loan (to be provided by the Federal Financing Bank under DOE’s program) made up of two tranches: a ~15‑year Note A and a ~10‑year Note B. Many core provisions from the original agreement — including the loan guarantee structure, equity contribution requirements, representations and warranties, covenants, and events of default — remain largely the same.

Key Details

• Parties: Rivian New Horizon, LLC (Borrower), Rivian Automotive, Inc. (Sponsor/Company), U.S. Department of Energy; loans provided by the Federal Financing Bank.
• Facility size: Aggregate principal up to $4,006,313,168.20 (Note A $3,355,410,861.67; Note B $650,902,306.53) plus capitalized interest up to $493,686,831.80, for a combined maximum of $4,500,000,000.00.
• Term lengths: Note A approximately 15 years; Note B approximately 10 years.
• Filing notes creation of a direct financial obligation (Item 2.03) and includes Exhibit 10.1 (the A&R LARSSA); certain portions and schedules are redacted or omitted per SEC rules.

Why It Matters
This amendment formalizes a substantial government-backed financing source for Rivian, increasing available capital by up to $4.5 billion. For investors, that can affect Rivian’s liquidity and balance sheet (a new direct financial obligation), while retaining the original agreement’s covenants and equity requirements that could impose conditions on the company. Review the filed A&R LARSSA (Exhibit 10.1) for full terms; omitted schedules/exhibits may be obtained from the SEC upon request.