Rivian eyes new debt deal as expected vehicle deliveries slump, Bloomberg News reports (Reuters) -Rivian Automotive is working with JPMorgan Chase (NYSE:JPM) on a potential high-yield bond sale, in part to refinance its upcoming debt, Bloomberg News reported on Friday, citing people familiar with the transaction. The EV maker is looking to raise as much as $2 billion, partly to replace existing bonds that mature in 2026, the report said. JPMorgan is sounding out investors on the bond deal, with early pricing talks suggesting a yield around 10%. The transaction could launch as soon as next week, although the deal is still under discussion and may not proceed as planned, according to the report. Rivian (NASDAQ:RIVN) and JPMorgan did not immediately respond to Reuters’ requests for comment. The possible debt deal comes after Rivian lowered its 2025 deliveries forecast earlier in May, as U.S. tariffs on imported vehicles and auto parts threaten to disrupt the economy and reduce demand for its electric SUVs and pickup trucks. Despite manufacturing its vehicles in the U.S. and sourcing most parts from North America, Rivian relies on Asian countries for essential components like lithium-ion batteries. These components are subject to significant duties, increasing the expenses for EV makers.

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Buzet wine cooperative secures debt deal and major sale to stabilize finances Restructuring plan and inventory purchase bring financial relief but result in job cuts and reduced local control

FYI: Buzet wine cooperative secures debt deal and major sale to stabilize finances #BuzetWine #WineCooperative #DebtDeal #FinancialStability #Restructuring

Buzet wine cooperative secures debt deal and major sale to stabilize finances Restructuring plan and inventory purchase bring financial relief but result in job cuts and reduced local control

Buzet wine cooperative secures debt deal and major sale to stabilize finances #BuzetWine #WineCooperative #DebtDeal #FinancialStability #Restructuring

Big banks are offloading Musk’s Twitter/X debt at a loss—but the real winner? Musk. Feels like this was the play all along. #MuskRat #WallStreet #FinanceMoves #Xcorp #DebtDeal

Steve Southerland Lies About S&P Downgrade by @quinnelk#teapartydowngrade #debtdeal #pfla #p2

The #debtdeal: a fair shake?#pfla #p2 #debtceiling

How would Jesus have structured a #debtdeal? Does God hate an increase in public revenue/spending? US Right is weird.

Now I know how Chewy felt and the end of Empire Strikes Back. #debtdeal

Its a deal! #DebtLimitDeal #DebtDeal