Cleveland-Cliffs (CLF) Upsizes & Prices $825M of Unsecured Notes
CLFCliffs(CLF) Zacks Investment Research·2024-03-05 21:15

Cleveland-Cliffs Inc. (CLF) announced that it has upsized and priced $825 million, a total principal amount of senior unsecured guaranteed notes due 2032, in an offering exempt from the Securities Act of 1933's registration requirements. The Notes will bear an annual interest rate of 7.000% and will be issued at par. Except for certain excluded subsidiaries, the company's substantial direct and indirect wholly-owned domestic subsidiaries will provide a senior unsecured guarantee for the Notes. The offering ...