secwatch.observer — SEC 8-K summary
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Issuer:     CLEVELAND-CLIFFS INC. (CLF)
CIK:        0000764065
Form:       8-K
Filed at:   2023-06-09T23:59:59+00:00
Accession:  0000764065-23-000117
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764065/000076406523000117/0000764065-23-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764065/000076406523000117/clf-20230609.htm
  HTML page:      https://secwatch.observer/filing/0000764065-23-000117

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer