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Cleveland-Cliffs Issues $850M Senior Notes in Private Deal

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Cleveland-Cliffs Issues $850M Senior Notes in Private Deal

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An announcement from Cleveland-Cliffs ( (CLF) ) is now available.

On September 8, 2025, Cleveland-Cliffs Inc. issued $850 million in 7.625% Senior Guaranteed Notes due 2034 in a private transaction, exempt from registration under the Securities Act of 1933. The proceeds from these Notes will be used to redeem existing senior notes due in 2027 and repay borrowings under its credit facility, potentially strengthening the company’s financial position and impacting its debt structure.

The most recent analyst rating on (CLF) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on Cleveland-Cliffs stock, see the CLF Stock Forecast page.

Spark’s Take on CLF Stock

According to Spark, TipRanks’ AI Analyst, CLF is a Neutral.

Cleveland-Cliffs’ overall stock score is primarily influenced by its challenging financial performance, which is offset by positive technical indicators and a strong earnings call. The company’s strategic initiatives and liquidity position provide optimism, but financial difficulties and valuation concerns weigh heavily on the score.

To see Spark’s full report on CLF stock, click here.

More about Cleveland-Cliffs

Cleveland-Cliffs Inc. operates in the steel industry, focusing on the production of iron ore pellets and steel products. It serves various sectors, including automotive, infrastructure, and manufacturing, positioning itself as a key player in the North American steel market.

Average Trading Volume: 25,911,130

Technical Sentiment Signal: Hold

Current Market Cap: $5.63B

See more insights into CLF stock on TipRanks’ Stock Analysis page.

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