enCore Energy Corp. announced the completion of its upsized $115 million offering of Senior Convertible Notes. This recent development follows the company's previously announced offering, which includes a $100 million upsized offering and the full exercise of a $15 million option granted to the initial purchasers. The Convertible Senior Notes carry an interest rate of 5.50% and are due in 2030. The net proceeds from the offering were approximately $109.8 million, with $11.5 million used for capped call transactions and approximately $10.6 million used to repay outstanding loan amounts. The remaining proceeds are intended for general corporate purposes. For more details, visit https://www.encoreuranium.com.
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