Centrus proposes $650M convertible note offering due 2032

CENTRUS ENERGY CORP

Offering $650M aggregate principal of convertible senior notes due 2032 with option for up to $100M additional.
Notes mature Aug 15, 2032; interest payable semiannually starting Feb 15, 2026.
Notes are senior unsecured; convertible at holder's option under specified conditions.
Proceeds from offering to be used for general corporate purposes.
Private placement to qualified institutional buyers under Rule 144A.

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