05:19 PM EDT, 10/08/2024 (MT Newswires) -- 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 ( CLF ) 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