Cleveland-Cliffs Inc. Announces Pricing of $400 Million Senior Secured Notes due 2025
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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clevelandcliffs.com/investors/overview/default.aspx
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Source: Business Wire
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) announced today that it has priced $400 million aggregate principal amount of Senior Secured Notes due 2025 (the “Notes”) in an offering (the “Notes Offering”) that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Notes will bear interest at an annual rate of 9.875% and will be issued at a price of 94.500% of their principal amount.The Notes will be guaranteed on a senior secured basis by Cliffs’ material wholly owned domestic subsidiaries (subject to certain exceptions and permitted liens), and secured by (i) a first-priority lien on substantially all of Cliffs’ assets and the assets of the guarantors (other than accounts receivable and other rights to payment, inventory, as-extracted collateral, investment property, certain general intangibles and commercial tort claims, certain mobile equipment, commodities accounts, deposit accounts, securities account
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CLF
Earnings
- 11/4/24 - Miss
CLF
Sec Filings
- 11/22/24 - Form 4
- 11/5/24 - Form 10-Q
- 11/4/24 - Form 8-K
- CLF's page on the SEC website