Lucid draws $400M from PIF affiliate Ayar DDTL; total outstanding ~$2.1B, $400M capacity left

Lucid Group, Inc.

On October 6, 2026, Lucid Group drew $400 million under Delayed Draw Term Loan facilities from Ayar Third Investment Company, an affiliate of the Public Investment Fund.
Aggregate principal outstanding under the DDTL after the draw is approximately $2.1 billion, with about $400 million of additional borrowing capacity remaining.
Key DDTL terms were incorporated by reference to prior 8-Ks filed August 5, 2024, November 5, 2025 and April 14, 2026; no new rate, maturity or pricing terms were disclosed here.
The report is signed by Chief Financial Officer Alexander De Bock and dated October 9, 2026; the only exhibit is the XBRL cover page.

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