secwatch.observer — SEC 8-K summary
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Issuer:     CENTRUS ENERGY CORP (LEU)
CIK:        0001065059
Form:       8-K
Filed at:   2025-08-14T23:59:59+00:00
Accession:  0001065059-25-000072
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065059/000106505925000072/0001065059-25-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065059/000106505925000072/leu-20250813.htm
  HTML page:      https://secwatch.observer/filing/0001065059-25-000072

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