Cleveland-Cliffs (CLF) is raising $600 million through senior notes offering to fund part of its Stelco acquisition and bolster liquidity.
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Seven years after it climbed out of creditor protection and embarked on a major turnaround, Stelco Holdings Inc. said it will be acquired by Cleveland-Cliffs Inc. in a $3.4-billion deal. In a release Monday, the storied Hamilton, Ont.-based steelmaker said it agreed to sell all issued and outstanding common shares for $70 per share to […]
Cleveland-Cliffs (CLF) is raising $600 million through senior notes offering to fund part of its Stelco acquisition and bolster liquidity.
While Cleveland-Cliffs (CLF) benefits from its vertically integrated footprint, competitive strength, cost-saving actions and the synergies of the...
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