05:18 AM EDT, 08/14/2025 (MT Newswires) -- Centrus Energy ( LEU ) said late Wednesday it priced a private offering to eligible purchasers of $700 million principal amount of 0% convertible senior notes due 2032, up from the previously set offering size of $650 million.

The notes will be convertible at an initial rate of $229.62 per class A common share, according to the company.

The initial purchasers have been granted a 13-day option to purchase up to $105 million additional notes.

Net proceeds, estimated to be about $680 million to $782.1 million, will be used for general corporate purposes, the company said.

Settlement of the notes is expected to occur on Aug. 18, subject to customary closing conditions.