Lucid Group, Inc. has drawn an additional $400 million under its Delayed Draw Term Loan (DDTL) facility with Ayar Third Investment Company, an affiliate of Saudi Arabia's Public Investment Fund. This move increases the company's outstanding debt and provides additional capital.
Key Details
- Transaction Date: The $400 million was drawn on October 6, 2026.
- Loan Status: Following this draw, the aggregate principal amount outstanding under the DDTL is approximately $2.1 billion.
- Remaining Capacity: Lucid has approximately $400 million of additional borrowing capacity remaining under this loan facility.