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enCore Energy Corp. Announces Proposed Offering of $75 Million of Convertible Senior Notes Due 2030
enCore Energy Corp. Announces Proposed Offering of $75 Million of Convertible Senior Notes Due 20...
About this update from Encore Energy Corp.
[{"type":"text","content":"\n\n\n\n enCore Energy Corp. Announces Proposed Offering of $75 Million of Convertible Senior Notes Due 2030\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n NASDAQ:EU\n \n\n\n TSXV:EU\n \n\n\n\n www.encoreuranium.com\n \n\n\n\n\n\n DALLAS\n \n\n ,\n \n\n Aug. 19, 2025\n \n\n /CNW/ -\n \n enCore Energy Corp.\n \n (NASDAQ: EU) (TSXV: EU) (the \"Company\" or \"enCore\"), America's Clean Energy Company™, announced today that it intends to offer, subject to market and other conditions,\n \n $75 million\n \n in aggregate principal amount of convertible senior notes due 2030 (the \"Convertible Notes\") in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the \"Securities Act\"). In connection with the offering of the Convertible Notes, enCore expects to grant the initial purchasers of the Convertible Notes a 13-day right to purchase up to an additional\n \n $11.25 million\n \n aggregate principal amount of Convertible Notes.\n \n\n\n\n\n\n\n\n\n The Convertible Notes will be senior unsecured obligations of enCore, will bear interest payable semi-annually in arrears and will mature on\n \n August 15, 2030\n \n , unless earlier repurchased, redeemed or converted in accordance with their terms. Holders will have the right to convert their Convertible Notes in certain circumstances and during specified periods. The Company will settle conversions either in cash, common shares or in a combination of cash and common shares. enCore may redeem for cash all or any portion of the Convertible Notes, at its option, at any time, and from time to time, on or after\n \n August 21, 2028\n \n , and on or before the 40th scheduled trading day immediately before the maturity date, if the last reported sale price per common share exceeds 130% of the conversion price for a specified period of time. In addition, the Convertible Notes will be redeemable, in whole and not in part, at enCore's option at any time in connection with certain changes in tax law. T...