---
schema_version: "secwatch.filing_event.v1"
accession: "0000764065-24-000196"
form_type: "8-K"
ticker: "CLF"
cik: "0000764065"
company_name: "CLEVELAND-CLIFFS INC."
filed_at: "2024-10-22T23:59:59+00:00"
generated_at: "2026-05-30T12:00:24.985142+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cleveland-Cliffs issues $1.8B in 6.875%/7.375% senior notes to fund Stelco acquisition

## Summary
- Issued $900M 6.875% Senior Notes due 2029 and $900M 7.375% Senior Notes due 2033.
- Net proceeds to partially finance cash consideration for Stelco acquisition, expected Q4 2024.
- Special mandatory redemption at par if Stelco deal not closed by April 14, 2025 (extendable to July 14, 2025).
- Notes are unsecured senior obligations, guaranteed by material domestic subsidiaries.
- Change-of-control reprice at 101% plus accrued interest; make-whole and equity clawback redemption options.

## SEC filing metadata
- accession: 0000764065-24-000196
- form_type: 8-K
- ticker: CLF
- cik: 0000764065
- company_name: CLEVELAND-CLIFFS INC.
- filed_at: 2024-10-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764065/000076406524000196/0000764065-24-000196-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764065/000076406524000196/clf-20241022.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764065-24-000196
- JSON: https://secwatch.observer/filing/0000764065-24-000196.json
- Plain text: https://secwatch.observer/filing/0000764065-24-000196.txt

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