Lucid Group Draws $800 Million from Term Loan Facility with PIF Affiliate

Lucid Group, Inc. has drawn $800 million from its existing Delayed Draw Term Loan (DDTL) facilities, increasing its available capital. The funding comes from an agreement with Ayar Third Investment Company, an affiliate of Saudi Arabia's Public Investment Fund (PIF).

Key Details

• Transaction: Drawdown of a Delayed Draw Term Loan (DDTL).
• Amount: $800 million.
• Counterparty: Ayar Third Investment Company, an affiliate of the Public Investment Fund (PIF).
• Effective Date: July 6, 2026.