Lucid draws $400M of Delayed Draw Term Loan facility from PIF affiliate
On October 6, 2026, Lucid Group, Inc. drew $400 million of Delayed Draw Term Loan (DDTL) facilities under its existing agreement with Ayar Third Investment Company, an affiliate of the Public Investment Fund. Following the draw, the aggregate principal amount outstanding under the DDTL is approximately $2.1 billion, with approximately $400 million of additional borrowing capacity remaining. The 8-K was filed on October 9, 2026 under Item 2.03 (Creation of a Direct Financial Obligation) and incorporates the key D...
Key takeaways
DDTL draw: Lucid drew $400 million of Delayed Draw Term Loan facilities on October 6, 2026.
Lender: Ayar Third Investment Company, an affiliate of the Public Investment Fund (PIF).
Aggregate outstanding: Approximately $2.1 billion principal now outstanding under the DDTL after the draw.
Remaining capacity: Approximately $400 million of additional DDTL borrowing capacity remains.
Existing facility: Draw was made under the company's pre-existing DDTL agreement; key terms are incorporated by reference from prior 8-Ks (August 5, 2024; November 5, 2025; April 14, 2026).
Filing basis: Reported under Item 2.03 of Form 8-K, indicating creation of a direct financial obligation.
Primary source
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