Convertibles Calendar: Lucid Group on tap

Dec. 9

LUCID GROUP INC.:

• $1.75 billion five-year green convertible notes

• Greenshoe of $262.5 million

• Coupon of 0.75% to 1.25% and initial conversion premium of 50% to 55%

• BofA Securities Inc. and Citigroup Global Markets Inc.

• Non-callable until Dec. 20, 2024 and then subject to a 130% hurdle

• Rule 144A

• Proceeds to finance eligible green investments, business expansion and general corporate purposes

• Newark, Calif.-based electric vehicle manufacturer

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.