05:31 AM EST, 11/12/2025 (MT Newswires) -- Lucid Group ( LCID ) said Wednesday it has priced an $875 million offering of total principal amount of 7% convertible senior notes due 2031.

Initial purchasers have been granted a 13-day option to purchase up to an additional $100 million of the notes.

The offering is expected to close around Monday.

Lucid said it expects the net proceeds from the offering to be roughly $853.5 million, and it intends to use about $752.2 million to finance repurchases of about $755.7 million of 1.25% convertible senior notes due 2026, with the remaining proceeds for general corporate requirements.