Rivian Stock Plummets 34.49% in $384 Million Trading Volume as Company Announces $1.25 Billion Green Notes Offering

On June 2, 2025, Rivian Automotive (RIVN) experienced a significant decline, with a trading volume of $384 million, marking a 34.49% decrease from the previous day. The stock closed at $2.96, marking the third consecutive day of decline, with a total decrease of 8.91% over the past three days.

Rivian Automotive, Inc. has announced a proposed $1.25 billion senior secured green notes offering. This move is aimed at refinancing outstanding senior secured notes due in 2026. The offering is part of a private placement and is set to mature in 2031. The proceeds from this offering will be used to refinance existing debt and support the company's ongoing operations and growth initiatives.

This announcement comes as Rivian continues to navigate the competitive electric vehicle market. The company has been focusing on expanding its production capabilities and enhancing its product offerings to meet growing demand. The green notes offering is expected to provide Rivian with the financial flexibility needed to pursue these strategic goals.

Investors and analysts will be closely monitoring the outcome of this offering, as it could have significant implications for Rivian's financial health and future prospects. The success of this refinancing effort will be crucial in determining the company's ability to sustain its growth trajectory and maintain its competitive edge in the rapidly evolving electric vehicle industry.