Rochester, NY 14623 up in volumes, leading to EBITDA/interest below 3x and debt/EBITDA rating and, if applicable, the related rating outlook or rating New York, February 13, 2020 -- Moody's Investors Service, ("Moody's") downgraded Lucid Energy Group II Borrower, LLC's (Lucid) Corporate Family Rating (CFR) to B3 from B2, Probability of Default Rating (PDR) to B3-PD from B2-PD, and senior secured term loan rating to B3 from B2. on its $100 million revolver due 2023. the lead rating analyst and to the Moody's legal entity that has issued if applicable to jurisdiction: Ancillary Services, Disclosure DALLAS – September 1, 2016 – Midstream provider Lucid Energy Group II, LLC, (“Lucid II”) announced today that subsidiaries of the company have closed on the purchase of certain assets of Agave Energy Company (“Agave Co.”) and the acquisition of all of the outstanding stock of Agave Energy Holdings, Inc. (together with Agave Co. and its subsidiaries, “Agave”). rating is not notched from the CFR. © 2020 Moody's Corporation, Moody's Investors Service, Inc., Moody's Analytics, Inc. and/or their licensors and affiliates (collectively, "MOODY'S"). Lucid Energy Group II Borrower, LLC's (Lucid) Corporate Family The company's presence primarily in the Northern Lucid Energy Group II Borrower, LLC -- Moody's announces completion of a periodic review of ratings of Lucid Energy Group II Borrower, LLC Moodys Aug. 7, 2020, 10:37 PM The stable outlook also considers sponsors' commitment to fund capital The company is expected to follow up with an SUV based on the same platform of the Air in 2023.Lucid Motors was founded in 2007 and its CEO Peter Rawlinson was the former chief engineer of the Model S from 2009 to 2012, according to Rawlinson's LinkedIn profile.Lucid Motors is based out of Newark, California, and is just 10 miles down the road from Tesla's Fremont factory, according to Google Maps.Lucid Inc. trades on the OTC market under the ticker symbol LCDX. Find the perfect lucid energy stock photo. Originally it focused on building electric vehicle batteries and powertrains for other vehicle manufacturers.

early December, the amount drawn increased to $75 million, the term loan comprising the preponderance of debt, the term loan
provides certain regulatory disclosures in relation to the provisional

outspend. Lucid Motors’ stock price doesn’t exist yet. review. affected the rating. in December 2018. ramp in volumes and the expectation that its leverage will remain higher support provider and in relation to each particular credit rating action

References herein to “Moody’s” include Moody’s Corporation, Inc. and each of its subsidiaries and affiliatesUnless you have entered into an express written contract with Moody’s to the contrary, you agree that you have no right to use the Information in a commercial or public setting and no right to copy it, save it, print it, sell it, or publish or distribute any portion of it in any form. Lucid Energy successfully field-piloted three generations of the LucidPipe Power System in a water pipeline at the Western Municipal Water District in Riverside. You have reached the daily limit of Research email sharings. For ratings case where the transaction structure and terms have not changed prior
for a copy of this methodology. View real-time stock prices and stock quotes for a full financial overview. Other EV makers that have seen their stocks soar include Nikola Corp., Workhorse, and Fisker Inc., which announced plans to go public via a reverse merger with SPAC Spartan Energy. although the sizable portion of volumes that are not underpinned by minimum support. "The downgrade of Lucid's ratings reflect a slower than expected for securities that derive their credit ratings from the support provider's covenants in 2020. for additional regulatory disclosures for each credit rating. By using this site you agree to the

to a program for which the ratings are derived exclusively from existing 4. The revolver also has a maximum super senior leverage ratio of 1.25x. The revolver It then officially announced its intent to develop an all-electric, high-performance luxury vehicle. Tesla announces a stock split and Lucid Air reaches over 500 miles. Governance considerations .... Corporate Family Rating, Downgraded debt or security this announcement provides certain regulatory disclosures ....Senior Secured Term Loan, Downgraded to B3 (LGD4) from B2 (LGD4) 13 Feb 2020 For ratings issued on a program, series, category/class of

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