11:30 AM EST, 11/04/2024 (MT Newswires) -- Centrus Energy ( LEU ) said Monday it is planning to offer $350 million of convertible senior notes due 2030 in a private offering, subject to market conditions.

Initial buyers of the notes will be given a 13-day option to buy up to an additional $52.5 million of the notes, the company said.

Final terms of the notes will be determined at the time of pricing, Centrus said.

Net proceeds will be used for general working capital and corporate purposes.

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