03:41 PM EDT, 09/03/2025 (MT Newswires) -- Cleveland-Cliffs ( CLF ) said Wednesday it has increased and priced an offering of $850 million worth of senior unsecured notes due 2034, with annual interest rate of 7.63%.

The steel producer plans to use the proceeds from the offering to refinance near term maturities and repay its borrowings.

The offering is expected to close on Monday.

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