{"schema_version":"secwatch.filing_event.v1","accession":"0000764065-25-000128","form_type":"8-K","ticker":"CLF","cik":"0000764065","company_name":"CLEVELAND-CLIFFS INC.","filed_at":"2025-09-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.303747+00:00","generated_at":"2026-05-17T07:48:17.326262+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Cleveland-Cliffs issues $850M 7.625% notes due 2034 to refinance 2027 notes and ABL","bullets":["Issued $850M aggregate principal of 7.625% Senior Guaranteed Notes maturing Jan 15, 2034; interest payable semiannually.","Net proceeds will redeem $685M of existing notes due 2027 (5.875%, 7.0%, AK Steel 7.0%) and repay ABL borrowings.","Notes are unsecured senior obligations, guaranteed by material domestic subsidiaries, structurally senior to non-guaranteed debt.","Make-whole redemption before Jan 2029; thereafter redemption price starts at 103.813%, declining to 100% by Jan 2031.","Change of control triggering event requires offer to repurchase notes at 101% of principal plus accrued interest."],"urls":{"canonical":"https://secwatch.observer/filing/0000764065-25-000128","json":"https://secwatch.observer/filing/0000764065-25-000128.json","markdown":"https://secwatch.observer/filing/0000764065-25-000128.md","text":"https://secwatch.observer/filing/0000764065-25-000128.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/764065/000076406525000128/0000764065-25-000128-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/764065/000076406525000128/clf-20250908.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T07:48:17.326262+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3354acd67e90547e56a286e7d60b74208a7c045b","claim":"CLEVELAND-CLIFFS INC. incurred senior notes of $850,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 7.625% maturing January 15, 2034.","evidence_excerpt":"On September 8, 2025, Cleveland-Cliffs Inc. (the “Company”) issued $850,000,000 aggregate principal amount of 7.625% Senior Guaranteed Notes due 2034 (the “Notes”) in a private transaction exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/764065/000076406525000128/0000764065-25-000128-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$850,000,000 aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"7.625%"},{"label":"Maturity","value":"January 15, 2034"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}