Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
CLEVELAND-CLIFFS INC. amended revolving credit of $4,750 million with Bank of America, N.A., as administrative agent maturing June 9, 2028.
- Instrument
- revolving credit
- Principal
- $4,750 million
- Counterparty
- Bank of America, N.A., as administrative agent
- Maturity
- June 9, 2028
- Event
- amendment
Exact text from the filing
The Fourth Amendment, among other things, increases the amount of tranche A revolver commitments available thereunder by an additional $250 million to an aggregate principal amount of $4,750 million and extends the maturity date of all such commitments from March 13, 2025 to June 9, 2028.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
CLEVELAND-CLIFFS INC. amended Fourth Amendment to Asset-Based Revolving Credit Agreement with Bank of America N.A., as administrative agent, and the lenders party thereto valued at $250 million (effective 2023-06-09).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America N.A., as administrative agent, and the lenders party thereto
- Value
- $250 million
- Effective
- 2023-06-09
Exact text from the filing
On June 9, 2023, Cleveland-Cliffs Inc., an Ohio corporation (the “Company”), entered into the Fourth Amendment to Asset-Based Revolving Credit Agreement (the “Fourth Amendment”), by and among the Company, the lenders party thereto and Bank of America N.A., as administrative agent (the “Agent”).
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