US EditionLucid Group, Inc. Prices $1,000,000,000 Convertible Senior Notes Offering
- Lucid Group announced the pricing of its offering on April 3, 2025, in Newark, California.
- The company intends to raise funds through a private offering to qualified institutional buyers.
- This offering involves $1,000,000,000 in aggregate principal amount of 5.00% convertible senior notes.
- Lucid estimates net proceeds of about $983.6 million; the initial conversion price is near $3.00 per share.
- These notes, senior and unsecured, will mature on April 1, 2030, with interest payable semi-annually.
27 Articles
27 Articles
The Billings Gazette
Lucid Group, Inc. Prices $1,000,000,000 Convertible Senior Notes Offering
NEWARK, Calif., April 3, 2025 /PRNewswire/ -- Lucid Group, Inc. (Nasdaq: LCID) today announced the pricing of its offering of $1,000,000,000 aggregate principal amount of 5.00% convertible senior notes due 2030 in a private offering to persons reasonably believed to…
Gillette News Record
Lucid Group, Inc. Announces Proposed Convertible Senior Notes Offering
NEWARK, Calif., April 2, 2025 /PRNewswire/ -- Lucid Group, Inc. (Nasdaq: LCID) today announced its intention to offer, subject to market and other conditions, $1,000,000,000 aggregate principal amount of convertible senior notes due 2030 in a private offering to persons…
Lucid Sets New Delivery Record in Q1 2025 as it Prepares $1 Billion Convertible Note Offering
Lucid has kicked off 2025 with a strong start, setting a new delivery record. At the same time, the luxury electric vehicle (EV) maker announced a significant $1 billion convertible note offering. According to figures […]
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