Lucid Group draws $800M delayed draw term loan

Lucid Group, Inc. created a new debt obligation by drawing $800 million under its existing Delayed Draw Term Loan facilities on July 6, 2026.

Rhea-AI Filing Summary

Lucid Group, Inc. created a new debt obligation by drawing $800 million under its existing Delayed Draw Term Loan facilities on July 6, 2026. The funds were drawn pursuant to an agreement with Ayar Third Investment Company, an affiliate of the Public Investment Fund.

This borrowing is reported as a direct financial obligation under Item 2.03, indicating a significant addition to Lucid’s debt structure under previously disclosed loan terms.

Insights

Capital structure analyst

Lucid taps $800M term loan, increasing funded debt under existing facilities.

Lucid Group drew $800 million from its existing Delayed Draw Term Loan facilities with Ayar Third Investment Company, an affiliate of the Public Investment Fund. This converts previously committed but undrawn credit capacity into an outstanding loan balance.

The filing classifies this as a direct financial obligation under Item 2.03, confirming it now sits in Lucid’s debt stack rather than as an undrawn commitment. Key loan terms are referenced to prior disclosures dated August 5, 2024, November 5, 2025, and April 14, 2026.

Investors can look to those earlier agreements for interest rates, maturities, covenants, and security packages governing this $800 million draw, while monitoring how future filings describe liquidity, leverage and any further term-loan utilization.

8-K Event Classification

2 items: 2.03, 9.01

2 items

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Delayed Draw Term Loan draw: $800 million

1 metrics

Delayed Draw Term Loan draw $800 million Amount drawn on July 6, 2026 under existing DDTL facilities

Key Terms

Delayed Draw Term Loan, Direct Financial Obligation, off-balance sheet arrangement, Emerging growth company, +1 more

5 terms

Delayed Draw Term Loan financial

"drew $800 million of Delayed Draw Term Loan (“DDTL”) facilities"

A delayed draw term loan is a financing agreement that lets a borrower take one or more lump-sum loans from a lender at agreed future dates within a set time window instead of receiving all funds up front. It matters to investors because it changes when and how much debt a company will carry, affecting cash flexibility, interest costs and risk exposure—think of it like an approved credit line you only tap when you need cash for a project.

Direct Financial Obligation regulatory

"Item 2.03 Creation of a Direct Financial Obligation or an Obligation"

off-balance sheet arrangement financial

"or an Obligation under an Off-Balance Sheet Arrangement of a Registrant"

An off-balance sheet arrangement is a financial commitment or asset that a company keeps out of its main financial statements so it does not show up as a direct asset or liability. Think of it like renting equipment or using a separate storage locker instead of putting the item in your home: the economic effects exist, but they aren’t listed on the company’s primary balance sheet. Investors care because these arrangements can hide risks, obligations or sources of cash flow that affect a company’s true financial strength and future performance.

Emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Delayed Draw Term Loan (DDTL) facilities financial

"drew $800 million of Delayed Draw Term Loan (“DDTL”) facilities"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Lucid Group (LCID) announce in this 8-K filing?

Lucid Group disclosed that it drew $800 million from its existing Delayed Draw Term Loan facilities. This converts previously available but undrawn credit into funded debt, creating a direct financial obligation recorded under Item 2.03 of the Exchange Act.

How much did Lucid Group (LCID) borrow under its term loan facilities?

Lucid Group borrowed $800 million under its Delayed Draw Term Loan facilities. This borrowing represents a significant funding event and shifts that amount from an undrawn commitment into an outstanding loan that now forms part of the company’s debt obligations.

Who is Lucid Group’s lending counterparty for the $800 million draw?

The $800 million was drawn from facilities provided under an agreement with Ayar Third Investment Company. Ayar Third Investment Company is described as an affiliate of the Public Investment Fund, which is the counterparty to Lucid Group’s Delayed Draw Term Loan arrangement.

When did Lucid Group (LCID) draw the $800 million term loan?

Lucid Group drew the $800 million on July 6, 2026. That date marks when the Delayed Draw Term Loan commitment was utilized, causing the obligation to be recognized as a direct financial liability under Item 2.03 in the company’s current report.

What type of obligation does this $800 million borrowing create for Lucid Group?

The draw creates a direct financial obligation for Lucid Group under Item 2.03. This means the company now has a funded loan outstanding under its Delayed Draw Term Loan facilities, rather than simply an undrawn credit commitment available for future use.

Where can investors find the key terms of Lucid Group’s Delayed Draw Term Loan?

The filing notes that key terms of the Delayed Draw Term Loan are summarized in earlier documents. Those summaries are incorporated by reference from materials filed on August 5, 2024, November 5, 2025, and April 14, 2026, which describe the underlying loan agreement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/06/2026 - 04:08 PM Learn about SEC filing dates

FALSE000181121000018112102026-07-062026-07-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (date of earliest event reported): July 6, 2026

Lucid Group, Inc.

(Exact name of registrant as specified in its charter)

Delaware			001-39408			85-0891392
(State or other jurisdiction of incorporation or organization)			(Commission File Number)			(I.R.S. Employer Identification No.)
7373 Gateway Boulevard Newark, CA						94560
(Address of Principal Executive Offices)						(Zip Code)

Registrant's telephone number, including area code: (510) 648-3553

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class A Common Stock, $0.0001 par value per share

LCID

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On July 6, 2026, Lucid Group, Inc. drew $800 million of Delayed Draw Term Loan (“DDTL”) facilities pursuant to its existing agreement with Ayar Third Investment Company, an affiliate of the Public Investment Fund. A summary of the key terms of the DDTL is incorporated by reference from the Current Report on Form 8-Ks filed on August 5, 2024, November 5, 2025 and April 14, 2026.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number						Description
104						Cover Page Interactive Data File (embedded within the inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: July 6, 2026
			LUCID GROUP, INC.
			By:			/s/ Silvio Napoli
						Name: Silvio Napoli
						Title: Chief Executive Officer

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.7 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.1 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.2 KB