SOURCE: EnergySolutions


May 31, 2011 19:23 ET

EnergySolutions Announces Exchange Offer for 10.75% Senior Notes Due 2018

SALT LAKE CITY, UT--(Marketwire - May 31, 2011) - EnergySolutions, Inc. (NYSE: ES) today commenced an exchange offer pursuant to which it is offering to exchange up to $300,000,000 in aggregate principal amount of its 10.75% Senior Notes due 2018, which have been registered under the Securities Act of 1933 (the "new notes"), for an equal aggregate principal amount of its outstanding 10.75% Senior Notes due 2018 (the "old notes"). The old notes were issued on August 13, 2010 in a transaction exempt from registration under the Securities Act of 1933. The terms of the new notes will be substantially identical to the terms of the corresponding old notes, except that the new notes will be registered under the Securities Act of 1933 and will not be subject to restrictions on transfer or provisions relating to additional interest. The new notes will bear a different CUSIP number from the corresponding old notes and will not entitle their holders to registration rights.

The terms and conditions of the exchange offer for the old notes are set forth in a prospectus dated May 31, 2011 and the related letter of transmittal. Except in some circumstances described in the prospectus, any and all old notes that are validly tendered in the exchange offer prior to 5:00 p.m., New York City time, on Tuesday, June 28, 2011, which is the expiration date of the exchange offer, will be accepted for exchange.

This press release is for informational purposes only and is not an offer to exchange or a solicitation of an offer to exchange any new notes for old notes. The exchange offer is being made only pursuant to a prospectus and letter of transmittal that have been filed with the Securities and Exchange Commission as part of EnergySolutions, Inc.'s Registration Statement on Form S-4, as amended (File No. 333-174284). The Registration Statement was declared effective by the Securities and Exchange Commission on May 27, 2011.

Wells Fargo Bank has been appointed as exchange agent for the exchange offer. Requests for copies of the prospectuses or letters of transmittal for the exchange offer should be directed to the exchange agent addressed as follows:

By Registered & Certified Mail:

Wells Fargo Bank, National Association
Corporate Trust Operations
MAC N9303-121
PO Box 1517
Minneapolis, MN 55480

By Regular Mail or Overnight Courier:

Wells Fargo Bank, National Association
Corporate Trust Operations
MAC N9303-121
Sixth & Marquette Avenue
Minneapolis, MN 55479

In Person by Hand Only:

Wells Fargo Bank, National Association
12th Floor - Northstar East Building
Corporate Trust Operations
608 Second Avenue South
Minneapolis, MN 55402

By Facsimile (for Eligible Institutions only):
(612) 667-6282

For Information or Confirmation by
(800) 344-5128

About EnergySolutions, Inc.
EnergySolutions offers customers a full range of integrated services and solutions, including nuclear operations, characterization, decommissioning, decontamination, site closure, transportation, nuclear materials management, the safe, secure disposition of nuclear waste, and research and engineering services across the fuel cycle.

Contact Information

  • For additional conference information please contact
    John Rasmussen
    at 801-303-1681
    or Email Contact

    423 West 300 South, Suite 200
    Salt Lake City, Utah 84101
    Fax: 801.321.0453