CENTRUS ENERGY CORP (LEU): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CENTRUS ENERGY CORP incurred convertible notes of $805 million aggregate principal amount with BofA Securities, Inc. and J.P. Morgan Securities LLC, as representatives of the Initial Purchasers at 0% maturing August 15, 2032.

Instrument: convertible notes
Principal: $805 million aggregate principal amount
Counterparty: BofA Securities, Inc. and J.P. Morgan Securities LLC, as representatives of the Initial Purchasers
Rate: 0%
Maturity: August 15, 2032
Event: incurrence

Exact text from the filing

On August 18, 2025, Centrus Energy Corp. (the “Company”) issued to the several initial purchasers (the “Initial Purchasers”) $805 million aggregate principal amount of the Company’s 0% convertible senior notes due 2032 (the “Notes”), pursuant to a purchase agreement among the Company and BofA Securities, Inc. and J.P. Morgan Securities LLC, as representatives of the Initial Purchasers.

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Source: SEC EDGAR

accession 0001065059-25-000075

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