secwatch.observer — SEC 8-K summary
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Issuer:     CENTRUS ENERGY CORP (LEU)
CIK:        0001065059
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001065059-24-000100
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065059/000106505924000100/0001065059-24-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065059/000106505924000100/leu-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001065059-24-000100

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer