BETHESDA, Md., Dec. 17, 2021 /PRNewswire/ --Centrus Energy Corp.
(NYSE American: LEU) ("Centrus" or the "Company") today announced
that it has completed the previously announced redemption of all of
the Company's outstanding Series B Senior Preferred Stock, par
value $1.00 per share (the "Series B
Preferred Shares") as of December 15,
2021. The redemption of the Series B Preferred Shares
follows the Company's successful consummation of its tender offer
and consent solicitation relating to the Series B Preferred Shares
in November.
"Eliminating the last of our preferred shares is a major
milestone in our ongoing effort to strengthen our balance sheet for
long-term success," said Centrus Energy President and CEO
Daniel B. Poneman.
About Centrus
Centrus Energy is a trusted supplier of nuclear fuel and
services for the nuclear power industry. Centrus provides value to
its utility customers through the reliability and diversity of its
supply sources – helping them meet the growing need for clean,
affordable, carbon-free electricity. Since 1998, the Company has
provided its utility customers with more than 1,750 reactor years
of fuel, which is equivalent to 7 billion tons of coal. With
world-class technical and engineering capabilities, Centrus is also
advancing the next generation of centrifuge technologies so that
America can restore its domestic uranium enrichment capability in
the future. Find out more at www.centrusenergy.com.
Forward Looking Statements
This press release may contain statements that constitute
forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1934. Forward-looking statements by
their nature address matters that are, to different degrees,
uncertain. Accordingly, forward-looking statements should not be
relied upon as a predictor of actual results. Readers are urged to
carefully review and consider this press release and our other
filings with the Securities and Exchange Commission, including our
Annual Report on Form 10-K for the year ended December 31, 2020 and our Quarterly Reports filed
on Form 10-Q. We do not undertake to update our forward-looking
statements to reflect events or circumstances that may arise after
the date of this press release, except as required by law.
Centrus Contacts:
Investors: Dan Leistikow (301)
564-3399 or LeistikowD@centrusenergy.com
Media: Lindsey Geisler (301)
564-3392 or GeislerLR@centrusenergy.com
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SOURCE Centrus Energy Corp.