Cleveland-Cliffs (CLF) said late Tuesday it has priced its offering of $900 million of 6.875% senior guaranteed notes due 2029 and $900 million of 7.375% senior guaranteed notes due 2033 at par of their face values.
Earlier, it plans to offer a total of $1.6 billion for the two notes.
Cleveland-Cliffs expects to close the offering on Oct. 22.
Net proceeds from the offering will be used to fund a portion of Stelco acquisition, according to the company.
Price: 12.68, Change: -0.03, Percent Change: -0.24
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