Lucid draws $400 million from loan with PIF affiliate Ayar Third Investment Company
LCID•Lucid drew $400 million on Oct. 6, 2026, under its delayed-draw term loan with Ayar Third Investment Company. Outstanding borrowings rose to about $2.1 billion, with about $400 million of capacity remaining.
1. Loan draw
Lucid drew $400 million on Oct. 6, 2026, under its delayed-draw term loan with Ayar Third Investment Company. Outstanding borrowings under the facility rose to about $2.1 billion, leaving about $400 million in remaining borrowing capacity. Ayar Third Investment is affiliated with Saudi Arabia’s Public Investment Fund.
