Lucid Group (LCID) Closes $1.1B Convertible Senior Notes Offering
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Lucid Group, Inc. Announces Closing of Private Offering of $1.1 Billion of Convertible Senior Notes Due 2030
April 8, 2025 4:05 PM EDT$1.1B new convertible offering and repurchase of ~$1B principal of existing 1.25% convertible notes due in 2026.Â
New issue structured efficiently with PIF support from prepaid forward share purchase, 5-year maturity, and capped
call overlay resulting in effective conversion price of $4.80.
NEWARK, Calif., April 8, 2025 /PRNewswire/ -- Lucid Group, Inc. (Nasdaq: LCID), maker of the world's most advanced electric vehicles, today announced the closing of $1.1... More
