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enCore Energy Corp. Prices Upsized $100 Million Convertible Senior Notes Offering
enCore Energy Corp. Prices Upsized $100 Million Convertible Senior Notes Offering Canad...
About this update from Encore Energy Corp.
[{"type":"text","content":"\n\n\n\n enCore Energy Corp. Prices Upsized $100 Million Convertible Senior Notes Offering\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. 20, 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 the pricing of\n \n $100 million\n \n aggregate principal amount of 5.50% 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\"). The offering was upsized from the previously announced offering size of\n \n $75 million\n \n aggregate principal amount of Convertible Notes. In connection with the offering of the Convertible Notes, enCore granted the initial purchasers of the Convertible Notes a 13-day right to purchase up to an additional\n \n $15 million\n \n aggregate principal amount of Convertible Notes. The sale of the Convertible Notes is expected to close on\n \n August 22, 2025\n \n , subject to customary closing conditions.\n \n\n\n\n\n\n\n\n\n The Convertible Notes will be senior unsecured obligations of enCore and will bear interest from, and including,\n \n August 22, 2025\n \n , at an annual rate of 5.50%, payable semi-annually in arrears on\n \n February 15\n \n and\n \n August 15\n \n of each year, beginning on\n \n February 15, 2026\n \n . The Convertible Notes will mature on\n \n August 15, 2030\n \n , unless earlier repurchased, redeemed or converted in accordance with their terms. Before\n \n May 15, 2030\n \n , holders will have the right to convert their Convertible Notes only upon the occurrence of certain events. At any time from, and including,\n \n May 15, 2030\n \n , noteholders may convert their notes at any time at their election until the close of business on the second scheduled trading day immediately before the maturity da...