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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it has priced an offering of $575 million aggregate principal amount of its 5.75 percent senior guaranteed notes due 2025 (the “Additional Notes”) in an offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities [...]
Cliffs Natural Resources Inc. (NYSE:CLF) announced today that it intends to offer to sell, subject to market and other conditions, $575 million aggregate principal amount of its 5.75 percent senior guaranteed notes due 2025 (the “Additional Notes”) in an offering that is exempt from the registration requirements of the Securities Act of [...]
Cliffs Natural Resources Inc. (NYSE:CLF) announced today the commencement of a tender offer to purchase (the “Tender Offer”), subject to certain terms and conditions, any and all of its outstanding 8.250% Senior Secured Notes due 2020 (the "Notes"), at the price set forth below. The Tender Offer is scheduled to expire at 5:00 p.m., New [...]
Cliffs Natural Resources Inc. (NYSE: CLF) today reported second-quarter results for the period ended June 30, 2017. The Company reported consolidated revenues of $569 million, an increase of 15 percent compared to the prior year's second-quarter revenues of $496 million. Cost of goods sold increased by 5 percent to $424 million compared to $405 [...]