enCore Energy Corp. (EU): debt financing — enCore closes $115M 5.5% convertible senior notes due 2030; repays $10.6M loan from Boss Energy

enCore Energy Corp.

$115M aggregate principal of 5.50% Convertible Senior Notes due 2030, upsized from $100M with full exercise of $15M option.
Conversion price $3.2895 per share, a 27.5% premium over last sale price of $2.58 on August 19, 2025.
Net proceeds ~$109.8M; used $11.5M for capped call transactions and $10.6M to repay Uranium Loan Agreement with Boss Energy.
Notes mature August 15, 2030; interest at 5.50% semi-annually; redeemable after August 21, 2028 under certain conditions.
Issued in a private placement under Rule 144A; common shares issuable upon conversion are unregistered.

item 1.01 item 1.02 item 2.03 item 3.02 item 7.01 item 9.01

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

enCore Energy Corp. incurred convertible notes of $100.0 million aggregate principal amount with Cantor Fitzgerald & Co. at 5.50% per annum maturing August 15, 2030.

Instrument: convertible notes
Principal: $100.0 million aggregate principal amount
Counterparty: Cantor Fitzgerald & Co.
Rate: 5.50% per annum
Maturity: August 15, 2030
Event: incurrence

Exact text from the filing

On August 19, 2025, enCore Energy Corp. (the “Company”) agreed to sell to the several initial purchasers (the “Initial Purchasers”), for whom Cantor Fitzgerald & Co. acted as representative (the “Representative”) and the Initial Purchasers agreed to purchase from the Company, $100.0 million aggregate principal amount of the Company’s 5.50% Convertible Senior Notes due 2030

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Source: SEC EDGAR

accession 0001193125-25-186438

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