NEM News: Cleveland-Cliffs (CLF) Prices $600M Senior Notes for Stelco Deal - 15th Aug 2024, 12:05am

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Cleveland-Cliffs Inc. CLF announced that it upsized and priced an additional $600 million in Senior Guaranteed Notes due 2032. This offering, exempt from registration under the Securities Act of 1933, features Additional Notes with an annual interest rate of 7%, issued at 99.25% of their principal amount. The Notes will be guaranteed on a senior unsecured basis by Cliffs’ key direct and indirect wholly-owned domestic subsidiaries, excluding certain subsidiaries.

This upsized offering reduc...

>>> Read more: Cleveland-Cliffs (CLF) Prices $600M Senior Notes for Stelco Deal
 
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