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0.0179506357516829 0.00710545998504105 -0.0650710545998505 -0.0388930441286462 -0.0276738967838445 -0.0351533283470457 -0.0493642483171279 -0.0463724756918475
Stock impact report

Cleveland-Cliffs Inc. Announces Proposed Offering of 75,000,000 Common Shares

Cleveland-Cliffs Inc. (CLF) 
Last cleveland-cliffs inc. earnings: 2/20 07:00 am Check Earnings Report
Company Research Source: Business Wire
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) announced today that it has commenced an underwritten public offering (the “Offering”) of 75,000,000 of its common shares, par value $0.125 per share (the “Common Shares”). In addition, Cliffs intends to grant the underwriter a 30-day option to purchase up to an additional 11,250,000 Common Shares.Cliffs intends to use the net proceeds from the Offering for the repayment of borrowings under its asset-based credit facility, with any remaining net proceeds for general corporate purposes.UBS Securities LLC is acting as underwriter for the Offering and proposes to offer the Common Shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at prevailing market prices, at prices related to prevailing market prices or at negotiated prices.The Common Shares are being offered by Cliffs pursuant to a new auto Show less Read more
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