Company: LEU
Filing Date: 2025-05-09
Form Type: 424B5
Source: 0001104659-25-046715
Chunk: 35

Company: CENTRUS ENERGY CORP
Filing Date: 2025-05-09
Form: 424B5
Chunk 35
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common stock, or if a person or group that already owns 4.99% or more of the Company’s Class A Common Stock acquires additional
shares representing 0.5% or more of the outstanding shares of the Company’s Class A Common Stock. The rights beneficially
owned by the acquirer would become null and void, resulting in significant dilution in the ownership interest of such acquirer.

The Board may exempt any
acquisition of the Company’s common stock from the provisions of the Rights Agreement if it determines that doing so would not
jeopardize or endanger the Company’s use of its tax assets or is otherwise in the best interests of the Company. The Board also
has the ability to amend or terminate the Rights Agreement prior to a triggering event. Unless earlier terminated or extended in accordance
with the Rights Agreement, the rights issued under the Rights Agreement expire on June 30, 2026.

<div align='center'>11

Description Of Debt Securities</div>

The following description,
together with the additional information we include in any applicable prospectus supplement, summarizes certain general terms and provisions
of the debt securities that we may offer in one or more series under this prospectus. When we offer to sell a particular series of debt
securities, we will describe the specific terms of the series in a supplement to this prospectus. We will also indicate in the supplement
to what extent the general terms and provisions described in this prospectus apply to a particular series of debt securities.

We may issue debt securities
either separately, or together with, or upon the conversion or exercise of or in exchange for, other securities described in this prospectus.
Debt securities may be our senior, senior subordinated or subordinated obligations and, unless otherwise specified in a supplement to
this prospectus, the debt securities will be our direct, unsecured obligations.

We will issue the debt securities
under the indenture that we will enter into with a national banking association or other eligible party, as trustee. The indenture will
be qualified under the Trust Indenture Act of 1939, as amended, or the Trust Indenture Act. We have filed the form of indenture as an
exhibit to the registration statement of which this prospectus is a part, and supplemental indentures and forms of debt securities containing
the terms of the debt securities being offered will be filed as exhibits to the registration statement of which this prospectus is a
part or will be incorporated by reference from reports