Cleveland-Cliffs (CLF) Prices $600M Senior Notes for Stelco Deal

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 reduces the amount of ...