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Security Profile
- Security Type
- Common Stock
- CUSIP
- 90333E207 (prev. 90333E108 )
- Market Cap
- Micro Cap
- Previous Symbol
- USU (changed 9/26/2014)
- Previous Name
- USEC, Inc.
Business: Centrus Energy Corp. is a trusted supplier of enriched uranium fuel for a growing fleet of international and domestic commercial nuclear power plants. Centrus is working to deploy the American Centrifuge technology for commercial needs and to support U.S. energy and national security.
Notes: 9/30/2014 -- USEC (USU) Emerges from Chapter 11 Bankruptcy as Centrus Energy (LEU). Centrus stock is expected to begin trading on the New York Stock Exchange today under the ticker symbol LEU. Throughout the restructuring process that began March 5, 2014, the Company has continued to meet all of its obligations to customers and vendors and will not require external exit financing upon emergence. The Company has maintained its NYSE listing throughout the Chapter 11 process. Under the Plan of Reorganization, Centrus will issue 9 million shares of new common stock today, September 30, 2014. Under the terms of the Plan of Reorganization, all previously existing securities of USEC Inc. will be cancelled prior to the opening of trading today. Current stockholders do not need to take any action to receive their shares of new common stock LEU as the new equity will be distributed electronically by Computershare, the Company’s transfer agent, or through the Depository Trust Corp. The exchange ratio is approximately 0.0917, which means 1000 shares of USU will be exchanged for approximately 92 shares of LEU.
Company Contact
- CEO
- Daniel B. Poneman
- CFO
- Philip Strawbridge
- Headquarters
- 6901 Rockledge Drive, Suite 800, Bethesda Bethesda, MD 20817
- Phone
- 301-564-3200
- Fax
- 301-564-3201
- Investor Relations
- Dan Leistikow · 301-564-3399 · financial@centrusenergy.com