Cleveland-Cliffs Inc.

Cleveland-Cliffs Inc. announced today that it has priced its previously announced private offering of $400.0 million aggregate principal amount of its senior secured notes due 2024 . The Secured Notes will bear interest at an annual rate of 4.875% and will be issued at a price of 99.347% of their principal amount. The offering is expected to close on December 19, 2017, subject to satisfaction of customary closing [...]

Cleveland-Cliffs Inc. announced today that it has priced its previously announced registered public offering of $275.0 million aggregate principal amount of its convertible senior notes due 2025 . The offering is expected to close on December 19, 2017, subject to satisfaction of customary closing conditions. The Convertible Notes will be senior unsecured obligations of Cliffs. The Convertible Notes will bear interest at a [...]

Cleveland-Cliffs Inc. announced today that it intends to offer to sell, subject to market and other conditions, $275.0 million aggregate principal amount of its convertible senior notes due 2025 in a registered public offering. The Convertible Notes are expected to mature on January 15, 2025, unless earlier repurchased, redeemed or converted. The Convertible Notes will be convertible at the option of the holders in [...]

Cleveland-Cliffs Inc. announced today that it intends to offer to sell, subject to market and other conditions, $400.0 million aggregate principal amount of its senior secured notes due 2024 in an offering that is exempt from the registration requirements of the Securities Act of 1933 . The Secured Notes will be jointly and severally and fully and unconditionally guaranteed on a senior secured basis by substantially all [...]

Cleveland-Cliffs Inc. today said it will be webcasting its presentation at the Goldman Sachs Global Metals & Mining Conference in New York. The Company invites interested parties to listen to a live broadcast of the presentation. When: Wednesday, November 29, 2017, at 11:15 a.m. ET Presenter: Lourenco Goncalves, Chairman, President and Chief Executive Officer Web Address: www.clevelandcliffs.com If you are unable to [...]

Cleveland-Cliffs Inc. announced today that P. Kelly Tompkins, executive vice president & chief operating officer, will retire effective Dec. 31, 2017. Lourenco Goncalves, Chairman, President and Chief Executive Officer, said, “Kelly has been a valued member of the executive team at Cliffs and I have enjoyed working with him over the past 3-1/2 years. I am sincerely grateful to Kelly for his dedication and commitment [...]

Cleveland-Cliffs Inc. (NYSE: CLF) today reported third-quarter results for the period ended September 30, 2017. The Company reported consolidated revenues of $698 million, an increase of 26 percent compared to the prior year's third-quarter revenues of $553 million. Cost of goods sold increased by 15 percent to $538 million compared to $468 million reported in the third quarter of 2016. The Company recorded net income of [...]

Cleveland-Cliffs Inc. (NYSE:CLF) announced today that it has acquired United States Steel Corporation’s 15 percent equity interest in the Tilden Mining Company for $105 million in cash. Cliffs previously owned an 85 percent interest in the joint venture and now has 100 percent ownership of the mine. The transaction closed on September 29, 2017. With the closing of this transaction, Cliffs has added 1.2 million long [...]

Cliffs Natural Resources Inc. (NYSE: CLF) announces today that it has re-named the Company to its historical name Cleveland-Cliffs Inc. Under the name Cleveland-Cliffs, the Company has been for many decades an important part of the North American iron and steel industry. The name change is part of the celebration of the 170th anniversary of the Company, and is effective immediately. The Company’s NYSE stock ticker [...]

Cliffs Natural Resources Inc. (NYSE:CLF) announced today the expiration of and final results for its previously announced offer to purchase for cash (the “Tender Offer”) any and all of its outstanding 8.250% Senior Secured Notes due 2020 (the "Notes"). The Tender Offer expired at 5:00 p.m., New York City time, on August 4, 2017 (the “Expiration Time”). On August 7, 2017, the Company purchased [...]