Centrus Energy Corp. announced that it has commenced a private exchange offer to exchange any and all of the Company’s 8.0% PIK toggle notes due 2019/2024 for up to (i) $85 million 8.25% senior secured notes due 2027, (ii) $120 million 7.5% cumulative redeemable preferred stock and (iii) $30 million in cash. Holders tendering Outstanding Notes after 5:00 p.m., New York City time, on January 19, 2017 (as such date may be extended, the “Early Tender Date”) will not be eligible to receive the early tender premium of $7.50 cash included in the total exchange consideration offered in the Exchange Offer. The expiration date for the Exchange Offer is 11:59 p.m., New York City time, on February 2, 2017 unless extended (the “Expiration Date”).