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Cleveland-Cliffs Expands Senior Notes Offering by $275 Million

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Cleveland-Cliffs Expands Senior Notes Offering by $275 Million

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Cleveland-Cliffs ( (CLF) ) has shared an announcement.

Cleveland-Cliffs Inc. announced the launch and pricing of an additional $275 million in 7.625% Senior Guaranteed Notes due 2034, expanding on a previous issuance of $850 million. This move is expected to enhance the company’s financial flexibility and support its strategic initiatives, with the offering set to close on October 10, 2025, pending customary conditions.

The most recent analyst rating on (CLF) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on Cleveland-Cliffs stock, see the CLF Stock Forecast page.

Spark’s Take on CLF Stock

According to Spark, TipRanks’ AI Analyst, CLF is a Neutral.

Cleveland-Cliffs’ overall stock score is primarily impacted by its weak financial performance, with significant challenges in profitability and cash flow. However, the stock’s positive technical momentum and strategic financial moves, such as the issuance of senior notes, provide some optimism. The valuation remains unattractive due to negative earnings, but the company’s efforts to improve operational efficiency and liquidity are noteworthy.

To see Spark’s full report on CLF stock, click here.

More about Cleveland-Cliffs

Cleveland-Cliffs Inc. operates in the mining and steel industry, primarily focusing on producing iron ore pellets and steel products. The company is a significant player in the North American market, supplying raw materials and finished steel products to various sectors.

Average Trading Volume: 23,355,105

Technical Sentiment Signal: Buy

Current Market Cap: $6.88B

Learn more about CLF stock on TipRanks’ Stock Analysis page.

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