The 0% convertible senior notes are due 2032

Davis Polk advised the representatives of the several initial purchasers, in connection with a Rule 144A offering by Centrus Energy Corp. of $805 million aggregate principal amount of its 0% convertible senior notes due 2032, which included $105 million principal amount of convertible senior notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional notes.

Based in Maryland, Centrus is a supplier of nuclear fuel components for the nuclear power industry. Centrus supplies various components of nuclear fuel to commercial customers from its global network of suppliers and provides advanced engineering, design, manufacturing and services to government and private sector customers. It is deploying uranium enrichment through HALEU production and other capabilities necessary for production of advanced nuclear fuel to power existing and next-generation reactors around the world.

The Davis Polk capital markets team included partner Derek Dostal and associates Kanger Jin and Matthew A. Bultman. The equity derivatives team included partner Mark M. Mendez, counsel Hanbing Zhang and associate Danielle Forni. Counsel Yixuan Long and associates Omar Hersi and Seokwon (Eric) Jang provided tax advice. Counsel Michael Comstock and associate Shefain Islam provided environmental advice. All members of the Davis Polk team are based in the New York office.

Copy link to share post