09:27 AM EDT, 10/08/2024 (MT Newswires) -- Cleveland-Cliffs ( CLF ) said Tuesday that it plans to offer $800 million of senior guaranteed notes due 2029 and $800 million of notes due 2033.

Net proceeds will be used to finance part of the cash consideration for the acquisition of Stelco Holdings, expected to be completed in Q4, Cleveland-Cliffs ( CLF ) said.

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