{"schema_version":"secwatch.filing_event.v1","accession":"0000764065-24-000072","form_type":"8-K","ticker":"CLF","cik":"0000764065","company_name":"CLEVELAND-CLIFFS INC.","filed_at":"2024-03-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.879277+00:00","generated_at":"2026-06-04T16:18:46.567507+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Cleveland-Cliffs issues $825M of 7.000% senior notes due 2032 to refinance 2026 secured notes","bullets":["$825M aggregate principal of 7.000% senior unsecured notes issued March 18, 2024, maturing March 15, 2032.","Net proceeds plus cash used to repurchase or redeem all outstanding 6.750% Senior Secured Notes due 2026.","Interest payable semi-annually in arrears on March 15 and September 15, starting September 15, 2024.","Notes are guaranteed by material domestic subsidiaries; contain customary covenants and change-of-control put at 101%.","Redeemable at make-whole prior to March 15, 2027; thereafter at 103.5% declining to par by March 15, 2029."],"urls":{"canonical":"https://secwatch.observer/filing/0000764065-24-000072","json":"https://secwatch.observer/filing/0000764065-24-000072.json","markdown":"https://secwatch.observer/filing/0000764065-24-000072.md","text":"https://secwatch.observer/filing/0000764065-24-000072.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/764065/000076406524000072/0000764065-24-000072-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/764065/000076406524000072/clf-20240318.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T16:18:46.567507+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":"a12bfd7dfc2dd7ab2be92652b3569cebe3cc0444","claim":"CLEVELAND-CLIFFS INC. incurred senior notes of $825,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 7.000% maturing March 15, 2032.","evidence_excerpt":"On March 18, 2024, Cleveland-Cliffs Inc. (the “Company”) issued $825,000,000 aggregate principal amount of 7.000% senior unsecured guaranteed notes due 2032 (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/764065/000076406524000072/0000764065-24-000072-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$825,000,000 aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"7.000%"},{"label":"Maturity","value":"March 15, 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"b914b83a49b37c2739ee8fc4e2d5972d88374939","claim":"CLEVELAND-CLIFFS INC. entered into Indenture with U.S. Bank Trust Company, National Association valued at $825,000,000 aggregate principal amount of 7.000% senior unsecured guaranteed notes due 2032 (effective 2024-03-18).","evidence_excerpt":"On March 18, 2024, Cleveland-Cliffs Inc. (the “Company”) issued $825,000,000 aggregate principal amount of 7.000% senior unsecured guaranteed notes due 2032 (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/764065/000076406524000072/0000764065-24-000072-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":"$825,000,000 aggregate principal amount of 7.000% senior unsecured guaranteed notes due 2032"},{"label":"Effective","value":"2024-03-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}