Company: LEU
Filing Date: 2025-08-18
Form Type: 8-K
Source: 0001065059-25-000075
Chunk: 1

Company: CENTRUS ENERGY CORP
Filing Date: 2025-08-18
Form: 8-K
Item: Item 1.01
Chunk 1
---
 payment to any of the Company’s unsecured indebtedness that is expressly subordinated in right of payment to the Notes; rank equal in right of payment to any of the Company’s unsecured indebtedness that is not so subordinated, including the Company’s 2.25% Notes due 2030; effectively rank junior in right of payment to any of the Company’s secured indebtedness, to the extent of the value of the assets securing such indebtedness; and rank structurally junior to all indebtedness and other liabilities (including trade payables, but excluding intercompany obligations and liabilities of a type not required to be reflected on a balance sheet of such subsidiaries in accordance with GAAP) of the Company’s existing and future subsidiaries.

The net proceeds from the offering of the Notes were approximately $782.1 million, after deducting Initial Purchasers’ discounts and estimated offering expenses payable by the Company. The Company intends to use the net proceeds from the offering for general corporate purposes.

Holders may convert their Notes at their option at any time prior to the close of business on the business day immediately preceding May 15, 2032 in multiples of $1,000 principal amount, only under the following circumstances:

• during any calendar quarter commencing after the calendar quarter ending on December 31, 2025 (and only during such calendar quarter), if the last reported sale price of the Class A common stock for at least 20 trading days (whether or not consecutive) during the period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day;

• during the five business day period after any ten consecutive trading day period in which the trading price per $1,000 in principal amount of Notes for each trading day of such period was less than 98% of the product of the last reported sale price of the Class A common stock and the conversion rate on each such trading day;

• if the Company calls any or all of the Notes for redemption, at any time prior to the close of business on the second scheduled trading day immediately preceding the redemption date (as described in the Indenture); or

• upon the occurrence of specified corporate events.

Holders may convert their Notes, in multiples of $1,000 principal amount, at their option at any time beginning on or after May 15, 2032, and prior to the close of business on the second scheduled trading day immediately