Centrus Energy (LEU) Extends 4-Day Losses on $650-Million Debt Issuance

We recently published 10 Stocks Facing a Total Meltdown. Centrus Energy Corp. (NYSEAmerican:LEU) is one of the worst-performing stocks on Wednesday.

Centrus Energy extended its losing streak to a fourth straight day on Wednesday, slashing 13.77 percent to close at $187.44 apiece as investor sentiment was dampened by plans to raise $650 million in fresh funds from the issuance of convertible senior notes.

In a statement on Tuesday, Centrus Energy Corp. (NYSEAmerican:LEU) said the notes will have a tenor of 7 years and mature in 2032, unless earlier converted into cash or shares, or both.

The notes will carry interest rates and will be paid every 15th of February and August of each year, beginning February 2026, until the maturity date.

Additionally, it granted the initial buyers an option to purchase up to an additional $100 million within a 13-day period from the date the notes were first issued.

Centrus Energy Corp. (NYSEAmerican:LEU) said it plans to use the proceeds for general corporate purposes.

In other news, Centrus Energy Corp. (NYSEAmerican:LEU) announced the appointment of Todd Tinelli as its new chief finance officer, replacing Kevin Harrill, who stepped down to pursue other opportunities.

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