Cleveland-Cliffs Successfully Amends Asset-Based Lending Facility

Sep 13, 2024 · CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it successfully amended its $4.75 billion Asset-Based Lending (ABL) …

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Cleveland-Cliffs Successfully Amends Asset-Based Lending Facility

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Sep 13, 2024 · CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it successfully amended its $4.75 billion Asset-Based Lending (ABL) …

clevelandcliffs.com

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Cleveland-Cliffs Successfully Amends Asset-Based Lending Facility

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CLEVELAND, September 13, 2024--Cleveland-Cliffs Inc. (NYSE: CLF) ("Cliffs") today announced that it successfully amended its $4.75 billion Asset-Based Lending (ABL) facility as part of the ...

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Cleveland-Cliffs Successfully Amends Asset-Based Lending Facility

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Sep 16, 2024 · Cleveland-Cliffs successfully amended its $4.75 billion asset-based lending (ABL) facility as part of the financing for the pending acquisition of Stelco. Cliffs has completely …

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Cleveland-Cliffs Amends Its Asset-based Lending Facility - MSN

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Cleveland-Cliffs (NYSE:CLF) said on Friday that it has successfully amended its $4.75B Asset-Based Lending [ABL] facility as part of the financing for the pending acquisition of Stelco …

msn.com

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Cleveland-Cliffs Successfully Amends Asset-Based Lending Facility

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Sep 13, 2024 · Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it successfully amended its $4.75 billion Asset-Based Lending (ABL) facility as part of the financing for the …

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Cleveland-Cliffs Amends Asset-based Lending Facility

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Sep 14, 2024 · Cleveland-Cliffs announced that it successfully amended its $4.75 billion asset-based lending facility, which is a loan that uses assets as collateral to secure funding as part …

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Cleveland-Cliffs Successfully Amends Asset-Based Lending Facility ...

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Sep 13, 2024 · CLEVELAND--(BUSINESS WIRE)--Sep. 13, 2024-- Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it successfully amended its $4.75 billion Asset-Based …

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Cleveland-Cliffs Successfully Amends Asset-Based Lending Facility

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Sep 13, 2024 · Cleveland-Cliffs Inc. today announced that it successfully amended its $4.75 billion Asset-Based Lending facility as part of the financing for the pending acquisition of …

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Cleveland-Cliffs Successfully Amends Asset-Based Lending Facility

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Sep 13, 2024 · Cleveland-Cliffs' successful amendment of its $4.75 billion Asset-Based Lending facility is a significant financial maneuver. The over-subscription of their capital request by …

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Cleveland-Cliffs Successfully Amends Asset-Based Lending Facility

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CLEVELAND–(BUSINESS WIRE)–Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it successfully amended its $4.75 billion Asset-Based Lending (ABL) facility as part of the …

miningstockeducation.com

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Cleveland-Cliffs Successfully Amends Asset-Based Lending Facility

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Sep 13, 2024 · Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it successfully amended its $4.75 billion Asset-Based Lending (ABL) facility as part of the financing for the …

epicos.com

FAQs about Cleveland-Cliffs Successfully Amends Asset-Based Lending Facility Coupon?

Does Cleveland-Cliffs have net borrowings on its ABL facility?

As of the finalization of the amendment, Cliffs had no net borrowings on its ABL facility. The amended ABL matures in 2028. About Cleveland-Cliffs Inc. Cleveland-Cliffs is a leading North America-based steel producer with focus on value-added sheet products, particularly for the automotive industry. ...

How many employees does Cleveland-Cliffs have?

Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 28,000 people across its operations in the United States and Canada. Forward-Looking Statements This release contains statements that constitute "forward-looking statements" within the meaning of the federal securities laws. ...

Which banks have joined the ABL?

Cliffs has completely replaced Goldman Sachs’ participation with increased commitments from Bank of America, Wells Fargo, J.P. Morgan, Fifth Third, Truist, Capital One, BMO, Huntington, and U.S. Bank. Additionally, PNC, Flagstar, UBS, MUFG, Regions, Barclays, ING, RBC, and First Citizens have also maintained their existing commitments to the ABL. ...