Cleveland-Cliffs Files 8-K for Other Events
Ticker: CLF · Form: 8-K · Filed: Mar 4, 2024 · CIK: 764065
Sentiment: neutral
Topics: 8-K, regulatory-filing, financial-statements
Related Tickers: CLF
TL;DR
CLF filed an 8-K, standard update, check for financials.
AI Summary
Cleveland-Cliffs Inc. filed an 8-K on March 4, 2024, to report other events and financial statements. The filing does not contain specific details on new material events or financial figures within the provided text, but it serves as a standard regulatory update.
Why It Matters
This filing indicates Cleveland-Cliffs is making a required regulatory update with the SEC, potentially including financial statements or other material information not detailed in this excerpt.
Risk Assessment
Risk Level: low — The filing is a routine 8-K for 'Other Events' and financial statements, not indicating any immediate negative or positive material changes.
Key Players & Entities
- CLEVELAND-CLIFFS INC. (company) — Registrant
- Ohio (jurisdiction) — State of Incorporation
- 200 Public Square, Suite 3300, Cleveland, Ohio 44114-2315 (address) — Principal Executive Offices
- March 4, 2024 (date) — Date of Report
FAQ
What specific 'Other Events' are being reported by Cleveland-Cliffs Inc. in this 8-K filing?
The provided text of the 8-K filing indicates 'Other Events' as an item information, but does not specify the nature of these events.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on March 4, 2024.
What is Cleveland-Cliffs Inc.'s IRS Employer Identification Number?
Cleveland-Cliffs Inc.'s IRS Employer Identification Number is 34-1464672.
What is the principal executive office address for Cleveland-Cliffs Inc.?
The principal executive office address for Cleveland-Cliffs Inc. is 200 Public Square, Suite 3300, Cleveland, Ohio 44114-2315.
What is the SIC code for Cleveland-Cliffs Inc.?
The Standard Industrial Classification (SIC) code for Cleveland-Cliffs Inc. is 1000, which corresponds to METAL MINING.
Filing Stats: 805 words · 3 min read · ~3 pages · Grade level 9.9 · Accepted 2024-03-04 17:21:13
Key Financial Figures
- $0.125 — h registered: Common Shares, par value $0.125 per share CLF New York Stock Exchange
- $825 million — unched and priced a private offering of $825 million aggregate principal amount of 7.000% se
- $1,018 — Secured Notes") for a purchase price of $1,018 for each $1,000 principal amount of Sen
- $1,000 — for a purchase price of $1,018 for each $1,000 principal amount of Senior Secured Note
- $750 Million — d-Cliffs Announces Proposed Offering of $750 Million of Senior Unsecured Guaranteed Notes."
- $825 Million — liffs Announces Upsizing and Pricing of $825 Million of Senior Unsecured Guaranteed Notes du
Filing Documents
- clf-20240304.htm (8-K) — 34KB
- a202403048-kex991.htm (EX-99.1) — 12KB
- a202403048-kex992.htm (EX-99.2) — 12KB
- a202403048-kex993.htm (EX-99.3) — 17KB
- a202403048-kex991001.jpg (GRAPHIC) — 255KB
- a202403048-kex991002.jpg (GRAPHIC) — 420KB
- a202403048-kex991003.jpg (GRAPHIC) — 91KB
- a202403048-kex992001.jpg (GRAPHIC) — 261KB
- a202403048-kex992002.jpg (GRAPHIC) — 420KB
- a202403048-kex992003.jpg (GRAPHIC) — 98KB
- a202403048-kex993001.jpg (GRAPHIC) — 189KB
- a202403048-kex993002.jpg (GRAPHIC) — 317KB
- a202403048-kex993003.jpg (GRAPHIC) — 361KB
- a202403048-kex993004.jpg (GRAPHIC) — 308KB
- 0000764065-24-000058.txt ( ) — 3970KB
- clf-20240304.xsd (EX-101.SCH) — 2KB
- clf-20240304_lab.xml (EX-101.LAB) — 25KB
- clf-20240304_pre.xml (EX-101.PRE) — 13KB
- clf-20240304_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. Notes Offering On March 4, 2024, Cleveland-Cliffs Inc. (the "Company") announced that it had launched and priced a private offering of $825 million aggregate principal amount of 7.000% senior unsecured guaranteed notes due 2032 (the "Notes") in an offering exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act"). The Notes will bear interest at an annual rate of 7.000% and will be issued at par. The Company expects to close the offering of the Notes on March 18, 2024, subject to the satisfaction of customary closing conditions. A copy of the launch and pricing press releases are attached as Exhibit 99.1 and Exhibit 99.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference. This Current Report on Form 8-K does not constitute an offer to sell, nor a solicitation of an offer to buy, the Notes or any other securities. The Notes will not be and have not been registered under the Securities Act, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. Tender Offer On March 4, 2024, the Company also announced the commencement of a cash tender offer for any and all of its outstanding 6.750% Senior Secured Notes due 2026 (the "Senior Secured Notes") for a purchase price of $1,018 for each $1,000 principal amount of Senior Secured Notes that are validly tendered and not validly withdrawn before the expiration time, which is scheduled to be 5:00 p.m., New York City time, on March 13, 2024. A copy of the tender press release is attached as Exhibit 99.3 to this Current Report on Form 8-K and is incorporated herein by reference. This Current Report on Form 8-K does not constitute an offer to purchase, nor a solicitation of an offer to sell, the Senior Secured Notes or any other securities.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Cleveland-Cliffs Inc. published a news release on March 4, 2024, captioned, "Cleveland-Cliffs Announces Proposed Offering of $750 Million of Senior Unsecured Guaranteed Notes." 99.2 Cleveland-Cliffs Inc. published a news release on March 4, 2024, captioned "Cleveland-Cliffs Announces Upsizing and Pricing of $825 Million of Senior Unsecured Guaranteed Notes due 2032." 99.3 Cleveland-Cliffs Inc. published a news release on March 4, 2024, captioned "Cleveland-Cliffs Announces Tender Offer for Any and All of its 6.750% Senior Secured Notes due 2026." 101 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 104 The cover page from this Current Report on Form 8-K, formatted as Inline XBRL. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CLEVELAND-CLIFFS INC. Date: March 4, 2024 By: /s/ James D. Graham Name: James D. Graham Title: Executive Vice President, Chief Legal and Administrative Officer & Secretary 3