Rivian Secures $6.6 Billion Loan to Expand Georgia Manufacturing Plant

Rivian Secures $6.6 Billion Loan to Expand Georgia Manufacturing Plant
27 days ago

In a significant boost to electric vehicle manufacturing in the United States, Rivian Automotive has received approval for a substantial $6.6 billion loan from the federal government aimed at financing its new manufacturing plant in Georgia. This financial support underscores the Biden administration's ongoing efforts to promote electric vehicles and help manufacturers transition toward greener technologies.

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Franchise Group Secures $250 Million Exit Financing Amid Bankruptcy Restructuring

Franchise Group Secures $250 Million Exit Financing Amid Bankruptcy Restructuring
2 months ago

In a significant development for the retail sector, Franchise Group has received court approval to borrow $250 million as part of its bankruptcy plan aimed at restructuring debt and stabilizing its operations. This financing, sanctioned under Chapter 11 bankruptcy protection, marks a crucial step for the company, which has been grappling with financial challenges for some time.

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