Rivian Stock Goes Red After Offering $1.25 Billion Green Bond To Refinance 2026 Debt

Rivian Automotive, Inc (NASDAQ:RIVN) stock traded lower Monday by about 2.86% after the electric vehicle company announced plans to offer $1.25 billion in senior secured green notes due 2031 in a private offering. The EV manufacturer plans to use the offering proceeds and cash on hand to redeem…