{"schema_version":"secwatch.filing_event.v1","accession":"0000764065-23-000077","form_type":"8-K","ticker":"CLF","cik":"0000764065","company_name":"CLEVELAND-CLIFFS INC.","filed_at":"2023-04-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.184384+00:00","generated_at":"2026-06-17T02:17:30.672563+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Cleveland-Cliffs issues $750M 6.750% senior notes due 2030; proceeds to repay ABL facility","bullets":["Issued $750M in 6.750% senior unsecured notes due April 15, 2030, in a private placement.","Net proceeds used to repay a portion of borrowings under the existing asset-based revolving credit facility.","Notes rank equally with unsecured senior debt; structurally subordinated to secured debt and non-guarantor subsidiary liabilities.","Redeemable at make-whole prior to April 15, 2026; thereafter at 103.375% declining to par by 2028.","Up to 35% of notes redeemable with equity offering proceeds at 106.75% before April 2026, subject to 65% remaining."],"urls":{"canonical":"https://secwatch.observer/filing/0000764065-23-000077","json":"https://secwatch.observer/filing/0000764065-23-000077.json","markdown":"https://secwatch.observer/filing/0000764065-23-000077.md","text":"https://secwatch.observer/filing/0000764065-23-000077.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/764065/000076406523000077/0000764065-23-000077-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/764065/000076406523000077/clf-20230414.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T02:17:30.672563+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"316dc526b0380f639083fde88ed08a86910ba07f","claim":"CLEVELAND-CLIFFS INC. incurred senior notes of $750,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 6.750% maturing April 15, 2030.","evidence_excerpt":"On April 14, 2023, Cleveland-Cliffs Inc. (the “Company”) issued $750,000,000 aggregate principal amount of 6.750% senior unsecured guaranteed notes due 2030 (the “Notes”) in a private transaction exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/764065/000076406523000077/0000764065-23-000077-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$750,000,000 aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"6.750%"},{"label":"Maturity","value":"April 15, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"497fa52cfbbda22b145ddefc9e3449a2ff311c97","claim":"CLEVELAND-CLIFFS INC. entered into Indenture for 6.750% Senior Unsecured Guaranteed Notes due 2030 with U.S. Bank Trust Company, National Association valued at $750,000,000 aggregate principal amount of 6.750% senior unsecured guaranteed notes due 2030 (effective 2023-04-14).","evidence_excerpt":"On April 14, 2023, Cleveland-Cliffs Inc. (the “Company”) issued $750,000,000 aggregate principal amount of 6.750% senior unsecured guaranteed notes due 2030 (the “Notes”) in a private transaction exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/764065/000076406523000077/0000764065-23-000077-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$750,000,000 aggregate principal amount of 6.750% senior unsecured guaranteed notes due 2030"},{"label":"Effective","value":"2023-04-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}