Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0.00588235294117648 -0.00294117647058817 -0.00588235294117635
Stock impact report

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 Check Earnings Report
Company Research 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 Show less Read more
Impact Snapshot
Event Time:
CLF
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for CLF alerts
Opt-in for
CLF alerts

from News Quantified
Opt-in for
CLF alerts

from News Quantified