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USEC : emerges from bankruptcy, rebrands as Centrus

09/30/2014 | 11:47am US/Eastern

NEW YORK (AP) — A company formerly known as USEC Inc., which provides uranium fuel to nuclear power plants, said Tuesday that it has emerged from Chapter 11 bankruptcy protection and has renamed itself Centrus Energy Corp.

USEC filed for bankruptcy protection in March. The company, based in Bethesda, Maryland, said it has successfully restructured its debt.

Centrus Energy said its stock will begin trading Tuesday on the New York Stock Exchange under the symbol "LEU" and USEC shareholders will be automatically issued shares of Centrus Energy.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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