Cleveland-Cliffs ( (CLF) ) just unveiled an update.
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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.
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