Cleveland-Cliffs Inc. Announces Proposed Offering of $600 Million of Senior Unsecured Guaranteed Notes - Candlesense
CLF Debt offering

Cleveland-Cliffs Inc. Announces Proposed Offering of $600 Million of Senior Unsecured Guaranteed Notes

(NYSE:CLF) CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) announced today that it intends to offer to sell, subject to market and other conditions, $600 million aggregate principal amount of Senior Unsecured Guaranteed Notes due 2034 (the “Notes”) in an offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Notes will be guaranteed on a senior unsecured basis by Cliffs’ material direct and indirect wholly-owned domesti

Related Questions

How will the $600 million note issuance affect CLF's leverage ratio and credit rating? What is the expected yield and pricing of the 2034 senior unsecured guaranteed notes relative to current market rates? How will the proceeds from the offering be allocated—e.g., for debt refinancing, capital expenditures, or working capital—and what impact will that have on CLF's cash flow and operations?
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