Cleveland-Cliffs Amends and Improves its ABL Facility
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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US:NYSE Investor Relations:
clevelandcliffs.com/investors/overview/default.aspx
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Source: Business Wire
CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE:CLF) today announced that it has amended its senior secured asset-based lending credit facility (the "Amended ABL Facility"), extended its maturity and introduced several improvements to the previous agreement (the “Initial ABL Facility”), which was put into place in March of 2015. The changes were introduced in alignment with the Company’s vastly improved financial condition since the Initial ABL Facility was adopted, while continuing to provide the Company with the financial flexibility needed to operate its business and execute its strategic initiatives. In the Amended ABL Facility the overall size of the credit facility was reduced from $550 million to $450 million. Borrowing costs and unused commitment fees were also reduced in the Amended ABL Facility. The Amended ABL Facility terms are effective Feb. 28, 2018 with an extended maturity date o
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News
- Cleveland-Cliffs (CLF) Earnings & Revenues Lag Estimates in Q1 [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs Inc. (NYSE: CLF) had its price target lowered by analysts at JPMorgan Chase & Co. from $24.00 to $23.00. They now have an "overweight" rating on the stock.MarketBeat
- Why Cleveland-Cliffs Plunged on Tuesday [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs shares fall after Q1 earnings miss estimates [Seeking Alpha]Seeking Alpha
- Cleveland-Cliffs (CLF) Q1 Earnings and Revenues Miss Estimates [Yahoo! Finance]Yahoo! Finance
CLF
Earnings
- 4/22/24 - Miss
CLF
Sec Filings
- 4/22/24 - Form 8-K
- 4/5/24 - Form 8-K
- 4/3/24 - Form 4
- CLF's page on the SEC website