secwatch.observer — SEC 8-K summary
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Issuer:     CLEVELAND-CLIFFS INC. (CLF)
CIK:        0000764065
Form:       8-K
Filed at:   2024-10-08T23:59:59+00:00
Accession:  0000764065-24-000193
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cleveland-Cliffs prices $1.8B senior notes to fund Stelco acquisition
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- Upsized offering: $900M 6.875% Senior Guaranteed Notes due 2029 and $900M 7.375% Notes due 2033, both at par.
- Net proceeds to finance part of the cash consideration for the previously announced Stelco Holdings Inc. acquisition.
- Closing expected October 22, 2024; special mandatory redemption at 100% if Stelco deal fails by April 14, 2025 (extendable to July 14, 2025).
- Notes are senior unsecured guaranteed by Cliffs' material domestic subsidiaries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764065/000076406524000193/0000764065-24-000193-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764065/000076406524000193/clf-20241008.htm
  HTML page:      https://secwatch.observer/filing/0000764065-24-000193

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