Centrus Energy Corp.
Centrus Announces Pricing of Convertible Senior Notes Offering
Summary
On August 13, 2025, Centrus Energy Corp. priced $700 million of 0% convertible senior notes due 2032 in a private placement. The offering was upsized from the initially announced $650 million. The net proceeds, estimated at $680 million (or $782.1 million if additional options are exercised), will be used for general corporate purposes. The notes do not bear regular interest and convert into Class A common stock at an initial conversion rate of 4.3551 shares per $1,000 principal amount.
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About Centrus Energy Corp.
Centrus Energy Corp. is a diversified energy company focusing on the supply of nuclear fuel and services for the global nuclear power industry. The primary function of the company is to provide enriched uranium, a critical component in the production of nuclear energy. Centrus Energy plays a significant role in the nuclear fuel cycle, participating in activities that range from uranium enrichment to nuclear fuel sales. This firm is vital to the power generation sector, particularly in regions where nuclear power is a significant energy source. With its versatile offerings, Centrus Energy engages with both domestic and international markets, reflecting its strategic importance in maintaining the reliability and efficiency of nuclear energy production. Its operations ensure the availability of supply chains for nuclear power plants, contributing to energy security and environmentally sustainable energy solutions. Headquartered in Bethesda, Maryland, Centrus continues to support the transition towards cleaner energy alternatives and remains a key player in the evolving landscape of global energy production.
Official SEC Documents
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