Lucid Group, Inc.: draws $400,000,000 on DDTL

What happened Lucid Group, Inc. filed a Current Report on Form 8-K dated Oct 9, 2026 reporting that on Oct 6, 2026 it "drew $400,000,000 of Delayed Draw Term Loan ("DDTL") facilities pursuant to its existing agreement with Ayar Third Investment Company, an affiliate of the Public Investment Fund." The filing states that, following this draw, the aggregate principal amount outstanding under the DDTL is approximately $2,100,000,000, with approximately $400,000,000 of additional borrowing capacity remaining.

Key details

• Draw date: Oct 6, 2026.
• Amount drawn: $400,000,000.
• Aggregate principal outstanding after draw: approximately $2,100,000,000.
• Remaining borrowing capacity under the DDTL: approximately $400,000,000.
• The filing incorporates by reference key terms of the DDTL from filings on Aug 5, 2024; Nov 5, 2025; and Apr 14, 2026.

Why it may matter This report was made under Item 2.03 (creation of a direct financial obligation), which covers the company taking on new debt or increasing existing debt obligations. The filing does not show why the insider traded or why the company acted.