06:36 AM EDT, 08/20/2025 (MT Newswires) -- EnCore Energy (EU) said Wednesday that it has set the pricing of $100 million of 5.50% convertible senior notes due 2030 in a private offering to qualified institutional buyers.

The company said the offering was upsized from the previously announced offering size of $75 million of convertible notes.

EnCore said it has granted the initial purchasers of the convertible notes a 13-day right to purchase up to an additional $15 million of convertible notes.

The company said the sale of the convertible notes is expected to be completed on Friday, with the proceeds going toward general corporate purposes.

Shares of EnCore Energy were down 10% in recent Wednesday premarket activity.