08:49 AM EDT, 10/07/2025 (MT Newswires) -- Cleveland-Cliffs ( CLF ) said Tuesday that it plans to sell an additional $200 million of senior unsecured guaranteed notes due 2034, an issuance of the company's existing 7.625% senior unsecured guaranteed notes due 2034.

The additional notes will be of the same class and series, but with a different issuance date and issue price than the 7.625% senior notes due 2034 that were offered last month, the company said.

The additional notes will be guaranteed on a senior unsecured basis by the company's certain direct and indirect domestic subsidiaries, Cleveland-Cliffs ( CLF ) said.

Cleveland-Cliffs ( CLF ) said it plans to use the proceeds from the offering to repay borrowings under its asset-based credit facility.