Centrus prices $700M zero-coupon convertible notes due 2032, upsized from $650M

CENTRUS ENERGY CORP

$700M aggregate principal of 0% convertible senior notes due Aug 15, 2032; initial purchasers can buy another $105M.
Initial conversion price ~$229.62/share, a 22.5% premium to Aug 13 closing price; conversion rate 4.3551 shares per $1,000 principal.
Net proceeds estimated at $680M ($782M if over-allotment exercised); proceeds for general corporate purposes.
Notes are senior unsecured, rank equal to Centrus' 2.25% notes due 2030; callable by Centrus from Aug 20, 2029 under stock price conditions.
Settlement expected Aug 18, 2025; offered only to QIBs under Rule 144A.

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