Cleveland-cliffs to fully redeem its 9.875% senior secured notes due 2025

Cleveland--(business wire)--cleveland-cliffs inc. (nyse: clf) announced today that it has instructed the trustee to provide notice of redemption for the entirety of its remaining $607 million aggregate principal amount of outstanding 9.875% senior secured notes due october 2025. pursuant to the terms of the notes and the indenture governing the notes, the company expects the total payment to holders of the notes including the redemption premium to be approximately $677 million, plus accrued and
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