Simpson Thacher represented the initial purchasers in connection with the offering by Lucid Group, Inc. (“Lucid”) of $975 million aggregate principal amount of 7.00% Convertible Senior Notes due 2031 (the “Convertible Notes”), inclusive of the Convertible Notes sold pursuant to the initial purchasers’ full exercise of their option to purchase additional Convertible Notes. The Convertible Notes were offered to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended.
Lucid is a Silicon Valley-based technology company focused on creating the most advanced EVs in the world. Through its industry-leading technology and innovations, Lucid is advancing the state-of-the-art of EV technology for the benefit of all.
The Simpson Thacher team for the transaction included Bill Brentani, Dan Webb, Karen Reyes, Jesse Feng, Jonathan Kachiu, Sabrina Suen and Dean Hasan (Capital Markets); Michael Mann and Tova Pfeffer (Tax); Corina Holland (Intellectual Property); Tristan Brown and Allison Sutherland (Executive Compensation and Employee Benefits); Michael Isby and Emily Holland (Environmental); and Jennie Getsin (Blue Sky).