USEC to use revolver funds to repurchase 6 5/8% notes due Jan. 20, may buy back early

By Angela McDaniels

Seattle, Nov. 4 - USEC Inc. intends to use credit facility borrowings and cash on hand to fund the redemption of its $325 million 6 5/8% senior notes at their maturity on Jan. 20, according to a 10-Q report filed with the U.S. Securities and Exchange Commission on Friday.

Additionally, the company said in the report that it may purchase all or some of the notes prior to maturity.

USEC Inc. is a Bethesda, Md.-based energy company that supplies enriched uranium fuel to commercial nuclear power plants.

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