Cleveland-Cliffs ( (CLF) ) just unveiled an update.
Don't Miss out on Research Tools:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Cleveland-Cliffs Inc. has announced a private offering of $1.6 billion in Senior Guaranteed Notes, split evenly between notes due in 2029 and 2033. This strategic financial move, exempt from the Securities Act’s registration requirements, is aimed at qualified institutional buyers and non-U.S. persons. The offering is not registered under the Securities Act, indicating that sales in the U.S. require an exemption or registration. The company has emphasized that this offering does not constitute a public sale or an invitation for purchase, and detailed information will be provided to prospective investors via a presentation attached to their current report.
For detailed information about CLF stock, go to TipRanks’ Stock Analysis page.
