CLEVELAND-CLIFFS INC. (CLF): debt financing — Cleveland-Cliffs issues $275M add-on of 7.625% notes due 2034; total now $1.125B

CLEVELAND-CLIFFS INC.

Issued additional $275M aggregate principal of 7.625% Senior Guaranteed Notes due 2034 at 102.75% of par.
Combined with prior $850M issuance, total $1.125B outstanding of the same series.
Net proceeds to repay borrowings under asset-based credit facility.
Notes are unsecured senior obligations maturing Jan 15, 2034; interest paid semi-annually.
Guaranteed on unsecured senior basis by material wholly-owned domestic subsidiaries.

item 1.01 item 2.03

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CLEVELAND-CLIFFS INC. incurred senior notes of $275,000,000 at 7.625% maturing January 15, 2034.

Instrument: senior notes
Principal: $275,000,000
Rate: 7.625%
Maturity: January 15, 2034
Event: incurrence

Exact text from the filing

On October 10, 2025, Cleveland-Cliffs Inc. (the “Company”) issued an additional $275,000,000 aggregate principal amount of 7.625% Senior Guaranteed Notes due 2034 (the “Additional Notes”) in a private transaction exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”).

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CLEVELAND-CLIFFS INC. filing history →

Source: SEC EDGAR

accession 0000764065-25-000144

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