KLP Kapitalforvaltning AS, a Norwegian institutional investor, has reduced its stake in Rivian Automotive, Inc. by 1.2%. The latest filing with the Securities and Exchange Commission reveals the sale of 9,700 shares in the electric vehicle automaker during the second quarter.

Rivian Automotive, Inc. has priced a $1.25 billion offering of senior secured green notes to refinance its outstanding debt due in 2026. This strategic move reflects the electric vehicle manufacturer’s proactive approach to financial management and commitment to sustainable financing. The announcement was made on June 4, 2025, in Irvine, California.