Cleveland-Cliffs Inc. Announces Offering and Pricing of Additional Senior Secured Notes due 2025 to Repurchase Notes Trading at Discounts
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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US:NYSE Investor Relations:
clevelandcliffs.com/investors/overview/default.aspx
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Source: Business Wire
Net proceeds will be used to retire approximately $736 million of senior notesTotal debt reduced by approximately $181 million through discount capture CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it has offered and priced an additional $555.2 million aggregate principal amount of Senior Secured Notes due 2025 (the “Additional Notes”) at a price of 99% of their principal amount in an offering (the “Additional Notes Offering”) that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Additional Notes will be an issuance of Cliffs’ existing 9.875% Senior Secured Notes due 2025 and will be issued as additional notes under the indenture dated as of April 17, 2020 (as supplemented, the “Indenture”) pursuant to which Cliffs previously issued $400 million aggregate principal amount of 9.875% Senior Secured Notes due 2025 (the “Initial Notes”). The Additional Notes will be of the same class a
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CLF
Earnings
- 11/4/24 - Miss
CLF
Sec Filings
- 11/5/24 - Form 10-Q
- 11/4/24 - Form 8-K
- 11/1/24 - Form 8-K
- CLF's page on the SEC website