Cleveland-cliffs inc. announces upsizing and pricing of $850 million of senior unsecured guaranteed notes due 2031

Cleveland--(business wire)--cleveland-cliffs inc. (nyse: clf) (“cliffs”) announced today that it has upsized and priced $850 million aggregate principal amount of senior guaranteed notes due 2031 (the “notes”) in an offering that is exempt from the registration requirements of the securities act of 1933 (the “securities act”). the notes will bear interest at an annual rate of 7.500% and will be issued at par. the notes will be guaranteed on a senior unsecured basis by cliffs' material direct an.
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