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0.00235109717868347 0.00235109717868347 0.00235109717868347 0.0133228840125392 0.00313479623824459 0.00470219435736681 -0.0258620689655172 -0.0321316614420061
Stock impact report

Cleveland-Cliffs Inc. Prices Public 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 the pricing of its underwritten public offering (the “Offering”) of 75,000,000 common shares, par value $0.125 per share (the “Common Shares”), for expected gross proceeds of $964 million, before discounts and expenses. In addition, Cliffs has also granted the underwriter a 30-day option to purchase up to an additional 11,250,000 Common Shares. The Offering is expected to close on October 31, 2025, subject to the satisfaction of customary closing conditions.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 o Show less Read more
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