Centrus Energy Corp. Announces $700 Million Upsized Private Offering of Zero-Coupon Convertible Senior Notes Due 2032

Reuters
08/14
<a href="https://laohu8.com/S/LEU">Centrus Energy Corp.</a> Announces $700 Million Upsized Private Offering of Zero-Coupon Convertible Senior Notes Due 2032

Centrus Energy Corp. has announced the successful pricing of a $700 million private offering of zero-coupon convertible senior notes due 2032. The offering, which was upsized from the initially announced $650 million, was oversubscribed and is being made to qualified institutional buyers. The initial purchasers have an option to acquire an additional $105 million in notes. The settlement of the sale is expected on August 18, 2025, pending customary closing conditions. Centrus anticipates net proceeds of approximately $680 million, or $782.1 million if the option for additional notes is fully exercised, after fees and expenses. The company plans to use the funds for general corporate purposes. Holders of the notes may require Centrus to repurchase their notes in cash if a fundamental change occurs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Centrus Energy Corp. published the original content used to generate this news brief via PR Newswire (Ref. ID: PH51412) on August 14, 2025, and is solely responsible for the information contained therein.

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