SALT LAKE CITY, UT--(Marketwired - May 29, 2014) - EnergySolutions, Inc. (the "Company") today announced that it has called for the full redemption (the "Redemption") of all $300 million of outstanding 10.75% Senior Notes due 2018 (the "Notes") issued under an Indenture, dated as of August 13, 2010 (the "Indenture"), among the Company, EnergySolutions, LLC, a Utah limited liability company and subsidiary of the Company (together with the Company, the "Issuers"), certain guarantors (as named in the Indenture), and Wells Fargo Bank, National Association, as trustee (the "Trustee").
The redemption date will be June 30, 2014 (the "Redemption Date"). Pursuant to the terms of the Indenture, the Issuers will redeem the Notes at a price equal to 100% of the principal amount thereof, plus the applicable premium as of, and accrued and unpaid interest to, the Redemption Date (the "Redemption Price"), subject to the right of holders on the relevant record date to receive interest due on the relevant interest payment date.
This press release does not constitute a notice of Redemption. Payment of the Redemption Price on the Notes will be effected only upon presentation and surrender thereof in the manner specified in the notice of Redemption to be delivered by the Trustee to registered holders of the Notes pursuant to the provisions of the Indenture.
EnergySolutions offers customers a full range of integrated services and solutions, including nuclear operations, characterization, decommissioning, decontamination, site closure, transportation, nuclear materials management, processing, recycling, and disposition of nuclear waste, and research and engineering services across the nuclear fuel cycle.
Contact Information:
For additional information please contact
Mark Walker
801-231-9194