Business
Centrus Announces Pricing of Oversubscribed and Upsized Private Offering of Zero-Coupon Convertible Senior Notes Due 2032
Centrus Energy Corp. (NYSE American: LEU) ("Centrus") today announced the pricing of $700 million aggregate principal amount of 0% Convertible Senior Notes due 2032 (the "Notes") in an upsized private offering (the "Offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The aggregate principal amount of the offering was increased from the previously announced offering size of $650 m
About this update from Centrus Energy Corp.
[{"type":"text","content":"BETHESDA, Md. , Aug. 13, 2025 /PRNewswire/ -- Centrus Energy Corp. (NYSE American: LEU) ("Centrus") today announced the pricing of $700 million aggregate principal amount of 0% Convertible Senior Notes due 2032 (the "Notes") in an upsized private offering (the "Offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The aggregate principal amount of the offering was increased from the previously announced offering size of $650 million. In connection with the Offering, Centrus has granted the initial purchasers of the Notes an option to purchase, for settlement within the 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $105 million aggregate principal amount of the Notes on the same terms and conditions. The sale of the Notes to the initial purchasers is expected to settle on August 18, 2025, subject to customary closing conditions.","length":1068,"tagName":"p"},{"type":"image","alt":"Centrus Energy Corp., Bethesda, MD (PRNewsfoto/Centrus Energy Corp.)","displaySize":"","headline":null,"caption":"Centrus Energy Corp., Bethesda, MD (PRNewsfoto/Centrus Energy Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":222,"url":"https://media.zenfs.com/en/prnewswire.com/e4fc9149a758ca924bec7ef103022506"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ODHt6U81u08FuSLuuFC4vQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/e4fc9149a758ca924bec7ef103022506","width":400,"height":222}},"href":"https://mma.prnewswire.com/media/840946/Centrus_Energy__Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Notes will not bear regular interest, and the principal amount of the Notes will not accrete. Special interest will accrue on the Notes in the circumstances and at the rates described in the offering memorandum relating to the Offering. The Notes will mature on August 15, 2032, unless earlier repurchased, redeemed or converted in accordance with their terms prior to such date.","length":383,"tagName":"p"},{"type":"text","content":"The conversion rate for the Notes will initially be 4.3551 shares of Class A common s...