secwatch.observer — SEC 8-K summary
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Issuer:     CLEVELAND-CLIFFS INC. (CLF)
CIK:        0000764065
Form:       8-K
Filed at:   2025-09-03T23:59:59+00:00
Accession:  0000764065-25-000126
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764065/000076406525000126/0000764065-25-000126-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764065/000076406525000126/clf-20250903.htm
  HTML page:      https://secwatch.observer/filing/0000764065-25-000126

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