Cleveland-cliffs inc. announces proposed offering of an additional $500 million senior guaranteed notes due 2032

Cleveland--(business wire)--cleveland-cliffs inc. (nyse: clf) (“cliffs”) announced today that it intends to offer to sell, subject to market and other conditions, an additional $500 million aggregate principal amount of senior guaranteed notes due 2032 (the “additional notes”) in an offering (the “additional notes offering”) that is exempt from the registration requirements of the securities act of 1933 (the “securities act”). the additional notes will be an issuance of cliffs' existing 7.000%.
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