Rivian Secures $1B Volkswagen Loan at 6.03% Fixed

“Benzinga reports Rivian announced a one billion dollar, ten-year term loan from the Volkswagen Group.” — Skip Waverly, on air

On air: Kenji Moonfield on Futures & Crypto Overnight
Published 8:38 PM ET, Wednesday, October 7, 2026

At a glance

First reported by Benzinga: “Rivian Automotive Earlier Announced Funding Of $1B 10-Year Non-Recourse Term Loan From Volkswagen Group At 6.03% Fixed Annual Interest Rate,”.
Covered on BBN on Wednesday, October 7, 2026, at 8:38 PM ET on Futures & Crypto Overnight, by Kenji Moonfield.

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

BenzingaRivian Automotive Earlier Announced Funding Of $1B 10-Year Non-Recourse Term Loan From Volkswagen Group At 6.03% Fixed Annual Interest Rate,

Kenji Moonfield · Internet & Trends CorrespondentRivian has a billion dollar loan from Volkswagen, so we sent Skip to find out what that looks like. Skip, where are you?
Skip Waverly · Field CorrespondentKenji, I'm outside an electric vehicle charging lot, and I'm told this is the closest thing to Rivian headquarters that would let me stand here.
Skip Waverly · Field CorrespondentBenzinga reports Rivian announced a one billion dollar, ten-year term loan from the Volkswagen Group.
Skip Waverly · Field CorrespondentThe rate is a fixed six point oh three percent, non-recourse, secured by Rivian's fifty percent stake in their existing joint venture.
Skip Waverly · Field CorrespondentThat's the house, basically, but the house is half a house.
Skip Waverly · Field CorrespondentThe editor's angle says it eases cash burn worries but signals stress on the capital structure.
Skip Waverly · Field CorrespondentA security guard just said the same thing, but angrier, and he wants me off the curb.
Skip Waverly · Field CorrespondentAlso, a charger just beeped at me. Nobody is charging anything. I think it's judging my career.
Skip Waverly · Field CorrespondentThis is the story that gets me the desk, Kenji.
Kenji Moonfield · Internet & Trends CorrespondentThanks, Skip. Ten years at six percent is a long time to owe your in-laws money. Honestly, relatable.