Cleveland-Cliffs to Fully Redeem 5.75% Senior Notes due 2025
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) announced today that it intends to redeem the entirety of its $396 million aggregate principal amount of outstanding 5.75% Senior Unsecured Guaranteed Notes due March 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 $407 million, plus accrued and unpaid interest to the redemption date, which is expected to be on or before June 30, 2021. The Notes will be redeemed with available liquidity.Lourenco Goncalves, Cliffs' Chairman, President and Chief Executive Officer said, “Our business continues to generate consistent and strong cash flow, and we anticipate this trend to continue for the foreseeable future. With that, we don’t need to wait any longer to accelerate our deleveraging plan. The redemption of these notes using available liquidity, nearly four years ahead of their matur
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CLF
Earnings
- 4/22/24 - Miss
CLF
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- CLF's page on the SEC website