secwatch.observer — SEC 8-K summary
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Issuer:     CLEVELAND-CLIFFS INC. (CLF)
CIK:        0000764065
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0000764065-24-000058
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cleveland-Cliffs prices $825M 7% notes due 2032; launches tender for 6.75% 2026 secured notes
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- Upsized and priced $825M senior unsecured guaranteed notes due 2032 at par, bearing 7% interest.
- Launched tender for any and all of its outstanding 6.75% Senior Secured Notes due 2026 at $1,018 per $1,000 principal.
- Net proceeds from notes along with cash on hand will fund repurchase or redemption of the secured notes.
- Tender offer expires March 13, 2024; settlement expected March 18, 2024, subject to conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764065/000076406524000058/0000764065-24-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764065/000076406524000058/clf-20240304.htm
  HTML page:      https://secwatch.observer/filing/0000764065-24-000058

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