---
schema_version: "secwatch.filing_event.v1"
accession: "0000764065-23-000117"
form_type: "8-K"
ticker: "CLF"
cik: "0000764065"
company_name: "CLEVELAND-CLIFFS INC."
filed_at: "2023-06-09T23:59:59+00:00"
generated_at: "2026-06-14T04:24:31.185489+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cleveland-Cliffs increases ABL revolver by $250M to $4.75B, extends maturity to June 2028

## Summary
- Fourth Amendment to Asset-Based Revolving Credit Agreement executed June 9, 2023.
- Tranche A revolver commitments increased by $250 million to $4,750 million total.
- Maturity extended from March 13, 2025 to June 9, 2028 (over 3 years extension).
- Bank of America N.A. remains administrative agent; lenders party to the agreement.

## SEC filing metadata
- accession: 0000764065-23-000117
- form_type: 8-K
- ticker: CLF
- cik: 0000764065
- company_name: CLEVELAND-CLIFFS INC.
- filed_at: 2023-06-09T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764065/000076406523000117/0000764065-23-000117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764065/000076406523000117/clf-20230609.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764065-23-000117
- JSON: https://secwatch.observer/filing/0000764065-23-000117.json
- Plain text: https://secwatch.observer/filing/0000764065-23-000117.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/764065/000076406523000117/0000764065-23-000117-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/764065/000076406523000117/0000764065-23-000117-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.