Centrus Energy issues $402.5M of 2.25% convertible senior notes due 2030

CENTRUS ENERGY CORP

$402.5M aggregate principal of 2.25% convertible senior notes due Nov 1, 2030 issued.
Net proceeds of ~$388.7M; intended for general working capital, tech development, debt repayment, or acquisitions.
Initial conversion price ~$97.50 per share (10.2564 shares per $1,000 principal).
Notes are senior unsecured, rank junior to secured 8.25% notes due 2027.
Redeemable at Company's option on or after Nov 8, 2027 if stock price >=130% of conversion price for 20 of 30 days.

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