05:36 PM EDT, 08/13/2024 (MT Newswires) -- Cleveland-Cliffs ( CLF ) said Tuesday it has priced its offering of $600 million of additional 7% senior notes due 2032.

The offering has been upsized from $500 million, according to the company.

The notes will be issued at a price of 99.25% of their principal amount and guaranteed on a senior unsecured basis by the company's wholly-owned domestic subsidiaries, it said.

The company expects to close the offering on Friday.

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