secwatch.observer — SEC 8-K summary
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Issuer:     CENTRUS ENERGY CORP (LEU)
CIK:        0001065059
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001065059-24-000096
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Centrus prices $350M 2.25% convertible notes due 2030; conversion premium ~25%
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- $350M aggregate principal of 2.25% convertible senior notes due 2030, plus $52.5M overallotment option.
- Conversion price ~$97.50/share (~25% premium to Nov 4 close); initial rate 10.2564 shares per $1,000.
- Net proceeds ~$337.9M ($388.7M if overallotment exercised) for working capital, tech, debt repayment.
- Notes are senior unsecured, effectively junior to existing 8.25% notes due 2027; not redeemable before Nov 8, 2027.
- Offering expected to settle Nov 7, 2024; issued to QIBs under Rule 144A.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065059/000106505924000096/0001065059-24-000096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065059/000106505924000096/leu-20241105.htm
  HTML page:      https://secwatch.observer/filing/0001065059-24-000096

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