Cleveland-Cliffs Files 8-K on Operations and Financials
Ticker: CLF · Form: 8-K · Filed: Feb 3, 2025 · CIK: 764065
Sentiment: neutral
Topics: 8-K, financial-reporting, operations
TL;DR
CLIFFS filed an 8-K on Feb 3, 2025, detailing financial results and other key events.
AI Summary
Cleveland-Cliffs Inc. filed an 8-K on February 3, 2025, reporting on its results of operations and financial condition, as well as other events. The filing also includes financial statements and exhibits. The company, formerly known as Cliffs Natural Resources Inc. and Cleveland Cliffs Inc., is incorporated in Ohio and headquartered in Cleveland.
Why It Matters
This 8-K filing provides crucial updates on Cleveland-Cliffs' financial performance and operational status, which can influence investor decisions and market perception.
Risk Assessment
Risk Level: low — This is a routine filing reporting on financial results and other events, not indicating any immediate or significant new risks.
Key Players & Entities
- CLEVELAND-CLIFFS INC. (company) — Registrant
- Cliffs Natural Resources Inc. (company) — Former company name
- Cleveland Cliffs Inc (company) — Former company name
- Ohio (jurisdiction) — State of incorporation
- 200 Public Square, Suite 3300, Cleveland, Ohio 44114-2315 (address) — Principal Executive Offices
- February 3, 2025 (date) — Date of report
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report on Cleveland-Cliffs Inc.'s results of operations and financial condition, as well as other events, and to include financial statements and exhibits.
When was this 8-K filing submitted?
This 8-K filing was submitted on February 3, 2025.
What are the former names of Cleveland-Cliffs Inc. mentioned in the filing?
The filing mentions that the company was formerly known as Cliffs Natural Resources Inc. and Cleveland Cliffs Inc.
In which state is Cleveland-Cliffs Inc. incorporated?
Cleveland-Cliffs Inc. is incorporated in Ohio.
What is the address of Cleveland-Cliffs Inc.'s principal executive offices?
The address of Cleveland-Cliffs Inc.'s principal executive offices is 200 Public Square, Suite 3300, Cleveland, Ohio 44114-2315.
Filing Stats: 782 words · 3 min read · ~3 pages · Grade level 10.3 · Accepted 2025-02-03 17:26:22
Key Financial Figures
- $0.125 — h registered: Common Shares, par value $0.125 per share CLF New York Stock Exchange
- $850 million — unched and priced a private offering of $850 million aggregate principal amount of Senior Gu
- $750 Million — ffs Inc. Announces Proposed Offering of $750 Million of Senior Unsecured Guaranteed Notes."
- $850 Million — Inc. Announces Upsizing and Pricing of $850 Million of Senior Unsecured Guaranteed Notes du
Filing Documents
- clf-20250203.htm (8-K) — 35KB
- a20250203-8xkxex991.htm (EX-99.1) — 15KB
- a20250203-8xkxex992.htm (EX-99.2) — 12KB
- a20250203-8xkxex993.htm (EX-99.3) — 12KB
- a20250203-8xkxex991001.jpg (GRAPHIC) — 195KB
- a20250203-8xkxex991002.jpg (GRAPHIC) — 306KB
- a20250203-8xkxex991003.jpg (GRAPHIC) — 439KB
- a20250203-8xkxex991004.jpg (GRAPHIC) — 63KB
- a20250203-8xkxex992001.jpg (GRAPHIC) — 274KB
- a20250203-8xkxex992002.jpg (GRAPHIC) — 420KB
- a20250203-8xkxex992003.jpg (GRAPHIC) — 78KB
- a20250203-8xkxex993001.jpg (GRAPHIC) — 280KB
- a20250203-8xkxex993002.jpg (GRAPHIC) — 418KB
- a20250203-8xkxex993003.jpg (GRAPHIC) — 84KB
- 0000764065-25-000033.txt ( ) — 3743KB
- clf-20250203.xsd (EX-101.SCH) — 2KB
- clf-20250203_lab.xml (EX-101.LAB) — 22KB
- clf-20250203_pre.xml (EX-101.PRE) — 13KB
- clf-20250203_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On February 3, 2025, Cleveland-Cliffs Inc. (the "Company") issued a press release announcing preliminary fourth-quarter and full-year 2024 financial results for the period ended December 31, 2024. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information contained in this Item 2.02 and Exhibit 99.1 attached hereto is being furnished and shall not be deemed to be filed for the purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, unless such subsequent filing specifically references this Current Report on Form 8-K.
01 Other Events
Item 8.01 Other Events. On February 3, 2025, the Company announced that it launched and priced a private offering of $850 million aggregate principal amount of Senior Guaranteed Notes due 2031 (the "Notes") in an offering exempt from the registration requirements of the Securities Act. The Notes will bear interest at an annual rate of 7.500% and will be issued at par. The Notes offering is expected to close on February 6, 2025, subject to the satisfaction of customary closing conditions. A copy of the launch and pricing press releases are attached as Exhibit 99.2 and Exhibit 99.3, 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.
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 February 3, 2025 captioned "Cleveland-Cliffs Provides Preliminary Fourth-Quarter and Full-Year 2024 Results." 99.2 Cleveland-Cliffs Inc. published a news release on February 3, 2025 captioned "Cleveland-Cliffs Inc. Announces Proposed Offering of $750 Million of Senior Unsecured Guaranteed Notes." 99.3 Cleveland-Cliffs Inc. published a news release on February 3, 2025 captioned "Cleveland-Cliffs Inc. Announces Upsizing and Pricing of $850 Million of Senior Unsecured Guaranteed Notes due 2031." 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: February 3, 2025 By: /s/ James D. Graham Name: James D. Graham Title: Executive Vice President, Chief Legal and Administrative Officer & Secretary 3