---
schema_version: "secwatch.filing_event.v1"
accession: "0000764065-25-000126"
form_type: "8-K"
ticker: "CLF"
cik: "0000764065"
company_name: "CLEVELAND-CLIFFS INC."
filed_at: "2025-09-03T23:59:59+00:00"
generated_at: "2026-05-17T08:41:44.202255+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cleveland-Cliffs prices $850M notes at 7.625%, redeems $685M in 2027 notes

## Summary
- Launched and priced $850M aggregate principal amount of Senior Guaranteed Notes due 2034 at 7.625% interest, upsized from initial $600M.
- Issued conditional redemption notices for $556M of 5.875% notes due 2027 and $73M of 7.000% notes due 2027, conditioned on closing of new notes.
- Issued unconditional redemption notice for $56M of AK Steel 7.000% Senior Notes due 2027, with redemption date October 3, 2025.
- Net proceeds from new notes will be used to redeem the 2027 notes and repay borrowings under asset-based credit facility.
- Notes offering expected to close on September 8, 2025, subject to customary conditions.

## SEC filing metadata
- accession: 0000764065-25-000126
- form_type: 8-K
- ticker: CLF
- cik: 0000764065
- company_name: CLEVELAND-CLIFFS INC.
- filed_at: 2025-09-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764065/000076406525000126/0000764065-25-000126-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764065/000076406525000126/clf-20250903.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764065-25-000126
- JSON: https://secwatch.observer/filing/0000764065-25-000126.json
- Plain text: https://secwatch.observer/filing/0000764065-25-000126.txt

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