Centrus Energy Corp. announced that, pursuant to a notice of redemption issued on February 24, 2025, it redeemed all of its outstanding 8.25% Notes due 2027. The redemption occurred on March 26, 2025.
The company redeemed the aggregate principal amount of $74.3 million at 100% of its value, along with any accrued and unpaid interest. As of March 31, 2025, none of the 8.25% Notes remain outstanding.
This strategic financial move resulted in Centrus recording a gain of $11.8 million related to the extinguishment of long-term debt in the first quarter of 2025. The redemption improves the company's balance sheet by eliminating higher-yield debt and reducing future interest expenses.
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