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Reuters
2022.06.15 13:08

Lucid Group Announces $1 Bln Revolving Credit Facility

June 15 (Reuters) - Lucid Group Inc (LCID.O) : * LUCID ANNOUNCES $1.0B REVOLVING CREDIT FACILITY * LUCID GROUP INC- ANNOUNCED ENTRY INTO A CREDIT AGREEMENT ON JUNE 9, 2022 * LUCID GROUP INC- NEW ABL CREDIT FACILITY PROVIDES FOR UNCOMMITTED INCREMENTAL REVOLVING COMMITMENTS OF UP TO AN ADDITIONAL $500.0 MILLION * LUCID GROUP INC- ABL CREDIT FACILITY HAS A STATED TERM OF FIVE YEARS, MATURING ON JUNE 9, 2027
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