---
schema_version: "secwatch.filing_event.v1"
accession: "0000764065-24-000171"
form_type: "8-K"
ticker: "CLF"
cik: "0000764065"
company_name: "CLEVELAND-CLIFFS INC."
filed_at: "2024-08-13T23:59:59+00:00"
generated_at: "2026-05-31T09:54:28.538073+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cleveland-Cliffs upsizes and prices $600M additional 7.000% Senior Notes due 2032 for Stelco acquisition

## Summary
- Initial $500M offering upsized to $600M aggregate principal; notes priced at 99.25% of par.
- Notes bear 7.000% annual interest, mature 2032; issued as additional series under March 2024 indenture.
- Net proceeds to finance cash consideration for Stelco Holdings acquisition, expected to close Q4 2024.
- Pro-forma liquidity after offering expected to be approximately $4.3 billion.
- Prior to Stelco close, proceeds will pay off entire ABL facility balance.

## SEC filing metadata
- accession: 0000764065-24-000171
- form_type: 8-K
- ticker: CLF
- cik: 0000764065
- company_name: CLEVELAND-CLIFFS INC.
- filed_at: 2024-08-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764065/000076406524000171/0000764065-24-000171-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764065/000076406524000171/clf-20240813.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764065-24-000171
- JSON: https://secwatch.observer/filing/0000764065-24-000171.json
- Plain text: https://secwatch.observer/filing/0000764065-24-000171.txt

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