Centrus Energy Corp. (LEU) announced the pricing of $700 million aggregate principal amount of 0% Convertible Senior Notes due 2032 in an upsized private offering.
The aggregate principal amount of the offering was increased from the previously announced offering size of $650 million.
In connection with the Offering, Centrus has granted the initial purchasers of the Notes an option to purchase, for settlement within the 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $105 million aggregate principal amount of the Notes on the same terms and conditions.
The sale of the Notes to the initial purchasers is expected to settle on August 18, 2025, subject to customary closing conditions.
The Notes will mature on August 15, 2032, unless earlier repurchased, redeemed or converted in accordance with their terms prior to such date.
Centrus estimates that the net proceeds from the Offering will be about $680.0 million (or approximately $782.1 million if the initial purchasers exercise their option to purchase additional Notes in full), after deducting fees and estimated expenses. Centrus intends to use the net proceeds from this offering for general corporate purposes.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.