Lucid Plans $1 Billion Convertible Notes Offering

4:42 PM ET 04/02/2025 - MT Newswires

Initial purchasers will have the option to buy up to an additional $100 million of notes.

Net proceeds will be used to repurchase a portion of its outstanding 1.25% convertible senior notes due 2026 and to fund capped call transactions. Any remaining proceeds will be for general corporate purposes, according to the company.

http://www.mtnewswires.com
Copyright © 2025 MT Newswires. All rights reserved. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.