---
schema_version: "secwatch.filing_event.v1"
accession: "0000764065-24-000174"
form_type: "8-K"
ticker: "CLF"
cik: "0000764065"
company_name: "CLEVELAND-CLIFFS INC."
filed_at: "2024-08-16T23:59:59+00:00"
generated_at: "2026-05-31T08:55:00.678198+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cleveland-Cliffs issues additional $600M of 7% senior notes due 2032 for Stelco acquisition

## Summary
- Issued $600M aggregate principal of 7.000% Senior Guaranteed Notes due 2032, add-on to existing $825M notes.
- Notes mature March 15, 2032; interest payable semi-annually on March 15 and September 15.
- Net proceeds to finance cash consideration for previously announced Stelco Holdings acquisition.
- Notes are unsecured senior obligations, guaranteed by material domestic subsidiaries, rank equally with existing unsecured debt.
- Redemption options include make-whole prior to March 2027, then step-down prices starting at 103.5%.

## SEC filing metadata
- accession: 0000764065-24-000174
- form_type: 8-K
- ticker: CLF
- cik: 0000764065
- company_name: CLEVELAND-CLIFFS INC.
- filed_at: 2024-08-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- 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/764065/000076406524000174/0000764065-24-000174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764065/000076406524000174/clf-20240816.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764065-24-000174
- JSON: https://secwatch.observer/filing/0000764065-24-000174.json
- Plain text: https://secwatch.observer/filing/0000764065-24-000174.txt

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