BUZZ-EV maker Lucid edges down after $875 mln convertible bonds offering launch

Reuters
2025/11/12
BUZZ-EV maker <a href="https://laohu8.com/S/LCID">Lucid</a> edges down after $875 mln convertible bonds offering launch

** Shares of Lucid Group LCID.O down 0.3% at $16.94 post-market as electric vehicle maker seeks capital raise to refinance debt

** California-based LCID announces private offering of $875 mln 6-yr convertible bonds (CBs)

** LCID intends to use net proceeds to repurchase portion of its 1.25% CBs due 2026 and for general purposes

** In connection with the offering, it expects Ayar Third Investment Company, subsidiary of Public Investment Fund of Saudi Arabia (PIF), to enter prepaid forward share purchase transactions with the new CBs investors to facilitate hedging

** LCID has ~324.2 mln shares outstanding for about $5.6 bln market cap

** Shares closed down 1.1% at $16.99 on Tues, down 44% YTD

** Of 15 analysts covering LCID, recommendation breakdown is 1 "buy", 10 "hold" and 4 "sell" or "strong sell"; median PT is $20, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10