{"id":95909,"date":"2025-04-10T00:00:00","date_gmt":"2025-04-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/10\/lucid-closes-usd-1-bn-convertible-bond-sale-via-private-placement\/"},"modified":"2025-04-10T00:00:00","modified_gmt":"2025-04-10T00:00:00","slug":"lucid-closes-usd-1-bn-convertible-bond-sale-via-private-placement","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/10\/lucid-closes-usd-1-bn-convertible-bond-sale-via-private-placement\/","title":{"rendered":"Lucid closes USD 1 bn convertible bond sale via private placement"},"content":{"rendered":"

Lucid wraps hefty refinancing play:<\/strong> Luxury EV-maker Lucid closed a USD 1.1 bn offering of convertible notes due 2030, according to a press release<\/a>. The offering was backed by the PIF, Lucid\u2019s largest shareholder.<\/p>\n

Where will the money go: <\/strong>The Nasdaq-listed firm earmarked USD 935 mn of the total proceeds to repurchase nearly USD 1.05 bn in outstanding convertible bonds originally due next year \u2014 effectively extending their maturity and reducing Lucid\u2019s near-term debt pressure.<\/p>\n

ICYMI- <\/strong>The cash-strapped automaker exceeded expectations in 4Q 2024<\/a> with vehicle deliveries growing 78% y-o-y to 3.1k, and production surging 42% to 3.4k vehicles. Meanwhile, Lucid\u2019s net loss widened 9.3% y-o-y<\/a> to USD 3.07 mn in 2024, according to its latest earnings release<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

Proceeds are earmarked to buy back convertible bonds<\/p>\n","protected":false},"author":1,"featured_media":95910,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2590],"tags":[57,10,2700],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseam-ksa","tag-lucid","wpautop","entry"],"acf":{"mongo_id":"620821c4-6a2a-407a-b30d-581b93770ab5","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/1419.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Lucid closes USD 1 bn convertible bond sale via private placement","related_issue":[95897],"teaser":"Proceeds are earmarked to buy back convertible bonds","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.7899b7aa-fdd4-4f9a-a5b6-e126ec475811.mp3"},"yoast_head":"\nLucid closes USD 1 bn convertible bond sale via private placement - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/10\/lucid-closes-usd-1-bn-convertible-bond-sale-via-private-placement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lucid closes USD 1 bn convertible bond sale via private placement\" \/>\n<meta property=\"og:description\" content=\"Proceeds are earmarked to buy back convertible bonds\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/10\/lucid-closes-usd-1-bn-convertible-bond-sale-via-private-placement\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-10T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1419.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/10\/lucid-closes-usd-1-bn-convertible-bond-sale-via-private-placement\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/10\/lucid-closes-usd-1-bn-convertible-bond-sale-via-private-placement\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Lucid closes USD 1 bn convertible bond sale via private placement\",\"datePublished\":\"2025-04-10T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/10\/lucid-closes-usd-1-bn-convertible-bond-sale-via-private-placement\/\"},\"wordCount\":120,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/10\/lucid-closes-usd-1-bn-convertible-bond-sale-via-private-placement\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1419.jpg?fit=%2C&ssl=1\",\"keywords\":[\"debt watch\",\"EnterpriseAM KSA\",\"Lucid\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/10\/lucid-closes-usd-1-bn-convertible-bond-sale-via-private-placement\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/10\/lucid-closes-usd-1-bn-convertible-bond-sale-via-private-placement\/\",\"name\":\"Lucid closes USD 1 bn convertible bond sale via private placement - 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