secwatch.observer — SEC 8-K summary
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Issuer:     CLEVELAND-CLIFFS INC. (CLF)
CIK:        0000764065
Form:       8-K
Filed at:   2025-10-07T23:59:59+00:00
Accession:  0000764065-25-000142
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cleveland-Cliffs upsizes and prices additional $275M 7.625% notes due 2034 at 102.75% of par
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- Priced additional $275M aggregate principal of 7.625% Senior Unsecured Guaranteed Notes due 2034 at 102.75% (yield 6.992%).
- Upsized from originally proposed $200M; add-on to existing $850M same-series notes issued Sept 8, 2025.
- Net proceeds to repay borrowings under asset-based credit facility (ABL).
- Offering expected to close October 10, 2025, subject to customary conditions.
- Wells Fargo acted as sole bookrunner for the add-on offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764065/000076406525000142/0000764065-25-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764065/000076406525000142/clf-20251007.htm
  HTML page:      https://secwatch.observer/filing/0000764065-25-000142

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