Company: LEU
Filing Date: 2025-08-18
Form Type: 8-K
Source: 0001065059-25-000075
Chunk: 2

Company: CENTRUS ENERGY CORP
Filing Date: 2025-08-18
Form: 8-K
Item: Item 1.01
Chunk 2
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 preceding the stated maturity date of the Notes, without regard to the foregoing circumstances. The initial conversion rate for the Notes is 4.3551 shares of Class A common stock per $1,000 principal amount of Notes, which is equivalent to an initial conversion price of approximately $229.62 per share of Class A common stock, subject to adjustment upon the occurrence of certain specified events as set forth in the Indenture. Upon conversion, the Company will pay cash up to the aggregate principal amount of the Notes to be converted and pay or deliver, as the case may be, cash, shares of Class A common stock or a combination of cash and shares of Class A common stock, at the Company’s election, in respect of the remainder, if any, of the Company’s conversion obligation in excess of the aggregate principal amount of the Notes being converted, as described in the Indenture.

In addition, upon the occurrence of a fundamental change (as defined in the Indenture), holders of the Notes may require the Company to repurchase for cash all or any portion of their Notes, in multiples of $1,000 principal amount, at a repurchase price of 100% of the principal amount of the Notes to be repurchased, plus any accrued and unpaid special interest, to, but excluding, the fundamental change repurchase date. If certain fundamental changes referred to as make-whole fundamental changes occur, the conversion rate for the Notes may be increased. The maximum number of shares of Class A common stock issuable per $1,000 aggregate principal amount of Notes, after the conversion rate has been increased in connection with a make-whole fundamental change or notice of redemption, is 5.3350, subject to adjustment as provided for in the Indenture.

The Notes are not redeemable prior to August 20, 2029. On or after August 20, 2029, the Company may redeem for cash all or any portion of the Notes at its option if the last reported sale price of the Class A common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus any accrued and unpaid special interest to, but excluding,