Centrus Energy Corp. has entered into a significant financial agreement, issuing $805 million in 0% convertible senior notes due 2032 to several initial purchasers, including BofA Securities, Inc. and J.P. Morgan Securities LLC. This transaction was formalized on August 18, 2025, under a purchase agreement that outlines the issuance and management of these notes. The terms of the notes, governed by an indenture with U.S. Bank Trust Company, National Association as trustee, stipulate that the notes will not bear regular interest, nor will the principal amount accrete. Instead, special interest may accrue under specific conditions detailed in the indenture. The notes are set to mature on August 15, 2032, unless they are repurchased, redeemed, or converted earlier. This strategic financial move aligns with Centrus Energy's broader financial management objectives, providing a substantial capital influx while maintaining flexible debt terms.
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