CENTRUS ENERGY CORP (LEU) Form 8-K — Oct 19, 2026
Centrus Energy Corp. closed the acquisition of 100% of Westerman Holdings, LLC on October 16, 2026, for an aggregate purchase price of approximately $116.0 million, paid as $95.0 million in cash and $21.0 million in 165,342 shares of Centrus Class A common stock. Westerman is a US equipment manufacturing and engineering firm focused primarily on the energy sector, and it becomes a wholly owned subsidiary of Centrus. Out of the purchase price, Centrus repaid Westerman's subordinated notes (~$31.5 million) and a term loan facility ($12.7 million), and covered ~$10.5 million of transaction expenses.
Key figures
- Deal Value Usd
- 116000000
- Nwc escrow
- $500,000
- Closing date
- 2026-10-16
- Cash consideration
- $95.0 million
- Stock consideration
- $21.0 million
- Term loan repayment
- $12.7 million
- Subordinated notes payoff
- $31.5 million
- Transaction expenses paid
- $10.5 million
- Stock consideration shares
- 165342
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