Cleveland-Cliffs Enters Material Definitive Agreement
Ticker: CLF · Form: 8-K · Filed: Oct 10, 2025 · CIK: 764065
Sentiment: neutral
Topics: debt, agreement
TL;DR
Cliffs just signed a big financial deal, more details to come.
AI Summary
On October 10, 2025, Cleveland-Cliffs Inc. entered into a material definitive agreement, creating a direct financial obligation. The filing does not specify the counterparty or the exact nature of the obligation, but it is a significant event for the company's financial structure.
Why It Matters
This filing indicates Cleveland-Cliffs Inc. has committed to a new financial obligation, which could impact its debt levels, cash flow, and overall financial strategy.
Risk Assessment
Risk Level: medium — The creation of a direct financial obligation can introduce new risks related to debt servicing, market conditions, or operational performance.
Key Players & Entities
- Cleveland-Cliffs Inc. (company) — Registrant
- Ohio (location) — State of incorporation
FAQ
What is the nature of the material definitive agreement entered into by Cleveland-Cliffs Inc.?
The filing states that Cleveland-Cliffs Inc. entered into a material definitive agreement that created a direct financial obligation, but the specific details of the agreement are not provided in this document.
When was this material definitive agreement reported?
The report date for this event is October 10, 2025.
What is Cleveland-Cliffs Inc.'s principal executive office address?
Cleveland-Cliffs Inc.'s principal executive offices are located at 200 Public Square, Suite 3300, Cleveland, Ohio 44114-2315.
What is Cleveland-Cliffs Inc.'s IRS Employer Identification Number?
Cleveland-Cliffs Inc.'s IRS Employer Identification Number is 34-1464672.
What is the SEC file number for Cleveland-Cliffs Inc.?
The SEC file number for Cleveland-Cliffs Inc. is 001-08944.
Filing Stats: 1,353 words · 5 min read · ~5 pages · Grade level 13.8 · Accepted 2025-10-10 17:08:21
Key Financial Figures
- $0.125 — h registered: Common Shares, par value $0.125 per share CLF New York Stock Exchange
- $275,000,000 — c. (the "Company") issued an additional $275,000,000 aggregate principal amount of 7.625% Se
- $850,000,000 — enture"). The Company previously issued $850,000,000 aggregate principal amount of 7.625% Se
Filing Documents
- clf-20251010.htm (8-K) — 35KB
- 0000764065-25-000144.txt ( ) — 153KB
- clf-20251010.xsd (EX-101.SCH) — 2KB
- clf-20251010_lab.xml (EX-101.LAB) — 22KB
- clf-20251010_pre.xml (EX-101.PRE) — 13KB
- clf-20251010_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On October 10, 2025, Cleveland-Cliffs Inc. (the "Company") issued an additional $275,000,000 aggregate principal amount of 7.625% Senior Guaranteed Notes due 2034 (the "Additional Notes") in a private transaction exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act"). The Additional Notes have not been, and will not be, 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 of the Securities Act. The Additional Notes are an issuance of the Company's existing 7.625% Senior Guaranteed Notes due 2034 and were issued pursuant to the indenture, dated as of September 8, 2025 (the "Base Indenture"), among the Company, the guarantors party thereto (the "Guarantors") and U.S. Bank Trust Company, National Association, as trustee (the "Trustee"), as supplemented by the First Supplemental Indenture, dated as of October 10, 2025, among the Company, the Guarantors and the Trustee (the "Supplemental Indenture" and, together with the Base Indenture, the "Indenture"). The Company previously issued $850,000,000 aggregate principal amount of 7.625% Senior Guaranteed Notes due 2034 (the "Initial Notes" and, together with the Additional Notes, the "Notes"). The Additional Notes were issued at a price of 102.75% of their principal amount. The Additional Notes are treated as the same class and series as, and otherwise identical to, the Initial Notes other than with respect to the date of issuance and the issue price. The Notes bear interest at an annual rate of 7.625%. Interest on the Notes is payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2026. The Notes will mature on January 15, 2034. The Notes are the Company's general unsecured senior obligations and rank equally in right of payment with all of the Company's existing and f
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: October 10, 2025 By: /s/ James D. Graham Name: James D. Graham Title: Executive Vice President, Chief Legal and Administrative Officer & Secretary 4