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USEC
USU has reached an agreement with a majority of the
holders of its senior convertible notes on the terms of a financial
restructuring plan that will strengthen the company's balance sheet,
enhance its ability to sponsor the American Centrifuge project and
improve its long-term business opportunities. Under the terms of the
agreement, the company will replace approximately $530 million in
convertible notes that are scheduled to mature in October 2014 with new
debt and equity.
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