debt
confidence high
sentiment neutral
materiality 0.65
Centrus Energy issues $805M 0% convertible notes due 2032, net proceeds ~$782M
CENTRUS ENERGY CORP
- $805M aggregate principal of 0% convertible senior notes due 2032 issued to initial purchasers.
- Initial conversion rate 4.3551 shares per $1,000 principal, equivalent to ~$229.62 per share.
- Net proceeds ~$782.1M after discounts/expenses; proceeds for general corporate purposes.
- Notes mature August 15, 2032; no regular interest; special interest accrues in limited circumstances.
- Notes are senior unsecured; rank equally with existing 2.25% Notes due 2030; not registered under Securities Act.
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