Public Investment FundAyar Third Investment Company
Description
On August 24, 2026, Lucid Group, Inc. drew $400 million from its Delayed Draw Term Loan facilities. This funding is part of an existing agreement with Ayar Third Investment Company, an affiliate of the Public Investment Fund. Including previous draws, the total principal amount outstanding under the loan now stands at $1.7 billion
Company Information
Company
Lucid Group
Location
Newark, California, United States
About
Lucid's mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The Company's first car, Lucid Air, is a state-of-the-art luxury sedan with a California-inspired design that features luxurious full-size interior space in a mid-size exterior footprint. The Lucid Air Grand Touring features an official EPA estimated 516 miles of range or 1,050 horsepower. Deliveries of Lucid Air, which is produced at Lucid's factory in Casa Grande, Arizona, are currently underway to U.S. and Canadian customers.
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