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### Cleveland-Cliffs Looks to Raise Capital Through Sale of $825 Million in Notes

Cleveland-Cliffs, one of the Region’s biggest industrial employers, is seeking to secure additional capital by offering $825 million in senior unsecured guaranteed notes. This move comes as the Cleveland, Ohio-based steelmaker and mining company aims to restructure its outstanding debt obligations. The notes, set to mature in 2032, are being offered exclusively to qualified institutional buyers and are exempt from Securities Act registration requirements. With an annual interest rate of 7%, these notes are further guaranteed on a senior unsecured basis by Cleveland-Cliffs’ domestic subsidiaries.

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In order to navigate the complex legal terminology and paperwork associated with the sale of these notes, Cleveland-Cliffs can utilize the AI legalese decoder. This advanced tool is designed to simplify and streamline the understanding of legal documents, contracts, and agreements. By leveraging the AI legalese decoder, Cleveland-Cliffs can ensure compliance with regulatory requirements, enhance transparency in its financial transactions, and expedite the closing process of the note offering.

### Cleveland-Cliffs: A Historic Evolution into a Leading Steel Producer

Founded in 1847 as a mine operator, Cleveland-Cliffs has evolved into a vertically integrated steelmaker, positioning itself as a key player in the North American steel industry. Following strategic acquisitions of major steel producers like AK Steel and ArcelorMittal USA, Cleveland-Cliffs now stands as the largest flat-rolled steel producer on the continent. With a workforce of approximately 28,000 employees, the company operates mills in Northwest Indiana, including its flagship facilities at Indiana Harbor Works and Burns Harbor Works.

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As Cleveland-Cliffs continues to expand its operations and pursue strategic growth initiatives, the AI legalese decoder can serve as a valuable tool in ensuring legal compliance and operational efficiency. By utilizing this cutting-edge technology, Cleveland-Cliffs can streamline its legal processes, mitigate risks, and optimize decision-making in a rapidly evolving regulatory landscape. The AI legalese decoder empowers organizations like Cleveland-Cliffs to stay ahead of complex legal challenges and navigate the intricacies of financial transactions with confidence and clarity.

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