Lucid Group Inc.
10/09/2026 | Press release | Distributed by Public on 10/09/2026 14:03
Financial Obligation (Form 8-K)
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On October 6, 2026, Lucid Group, Inc. drew $400 million of Delayed Draw Term Loan ("DDTL") facilities pursuant to its existing agreement with Ayar Third Investment Company, an affiliate of the Public Investment Fund. Following this draw, the aggregate principal amount outstanding under the DDTL is approximately $2.1 billion, with approximately $400 million of additional borrowing capacity remaining. A summary of the key terms of the DDTL is incorporated by reference from the Current Report on Form 8-Ks filed on August 5, 2024, November 5, 2025 and April 14, 2026.
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