(Reuters) – Rivian Automobile plans to lift just about $15 billion in debt to lend a hand construct an electrical automobile production plant in Georgia, the EV maker stated on Monday.The taxable bonds can be issued through the Georgia Division of Financial Building and the Joint Building Authority of Jasper, Morgan, Newton and Walton Counties, consistent with an settlement on Nov. 9, it stated in a securities submitting, including that Rivian has agreed to buy bonds as they’re issued.The corporate has agreed to pay at least just about $300 million in belongings tax bills via 2047. The bills would building up if the carmaker exceeds its $5 billion funding.Rivian had stated in 2021 that it plans to arrange the Georgia plant and had stated on the time that it might be commissioned through 2024. The brand new plant will make use of greater than 7,500 other people and in the end construct 400,000 cars a 12 months.(Reporting through Anirudh Saligrama in Bengaluru; Enhancing through Rashmi Aich)
