Lucid Plans $1 Billion Convertible Notes Offering

Lucidplans to offer $1 billion of convertible senior notes due 2030, with proceeds partly going to repurchase earlier debt.

• To offer option for $100m more
• Proceeds to help repurchase some of its 1.25% convertible notes due 2026
• Remaining funds to cover capped call transactions and general purposes
• Saudi Arabia’s PIF to enter prepaid forward deal via Ayar Third Investment Co.

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