secwatch.observer — SEC 8-K summary
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Issuer:     CLEVELAND-CLIFFS INC. (CLF)
CIK:        0000764065
Form:       8-K
Filed at:   2024-08-16T23:59:59+00:00
Accession:  0000764065-24-000174
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764065/000076406524000174/0000764065-24-000174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764065/000076406524000174/clf-20240816.htm
  HTML page:      https://secwatch.observer/filing/0000764065-24-000174

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