---
schema_version: "secwatch.filing_event.v1"
accession: "0000764065-25-000144"
form_type: "8-K"
ticker: "CLF"
cik: "0000764065"
company_name: "CLEVELAND-CLIFFS INC."
filed_at: "2025-10-10T23:59:59+00:00"
generated_at: "2026-05-17T04:07:50.338847+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Cleveland-Cliffs issues $275M add-on of 7.625% notes due 2034; total now $1.125B

## Summary
- 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.

## SEC filing metadata
- accession: 0000764065-25-000144
- form_type: 8-K
- ticker: CLF
- cik: 0000764065
- company_name: CLEVELAND-CLIFFS INC.
- filed_at: 2025-10-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764065/000076406525000144/0000764065-25-000144-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764065/000076406525000144/clf-20251010.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764065-25-000144
- JSON: https://secwatch.observer/filing/0000764065-25-000144.json
- Plain text: https://secwatch.observer/filing/0000764065-25-000144.txt

## Key facts
- Debt Financings
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/764065/000076406525000144/0000764065-25-000144-index.htm

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