Cleveland-Cliffs Inc.

- Net Loss of $30 million, including $72 million of debt extinguishment/restructuring charges - Adjusted EBITDA(1) of $92 million - Year-over-year total debt reduced by $900 million to $1.6 billion - Year-over-year net debt(3) reduced by $1.1 billion to $1.3 billion CLEVELAND, April 27, 2017 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today reported first-quarter results for the period ended March 31, 2017 [...]

CLEVELAND, April 20, 2017 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today issued the following statement regarding President Trump's executive memorandum for prompt investigation by the Department of Commerce into the implications of foreign steel imports under section 232. Lourenco Goncalves, Cliffs' Chairman, President and Chief Executive Officer, said, "We applaud the Trump Administration's efforts to [...]

CLEVELAND, April 3, 2017 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today said it will be announcing first-quarter 2017 financial results before the U.S.-market open on Thursday, April 27, 2017. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results.   When:     Thursday, April 27, 2017, at [...]

CLEVELAND, March 24, 2017 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today the expiration of and final results for its previously announced offers to purchase for cash (each offer a "Tender Offer" and collectively, the "Tender Offers") up to the maximum aggregate principal amount of its outstanding 5.90% Senior Notes due March 2020 (the "March 2020 Notes"), 4.80% Senior Notes due October 2020 (the [...]

CLEVELAND, March 15, 2017 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it has redeemed in full, as set forth in notices of redemption issued on February 13, 2017, all of its outstanding 8.00% 1.5 lien senior secured notes due 2020 and 7.75% second lien senior secured notes due 2020. The aggregate principal amount outstanding of debt redeemed was $649 million. These redemptions decrease [...]

CLEVELAND, March 10, 2017 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) is pleased to announce that its previously announced tender offers to purchase (each offer a "Tender Offer" and collectively, the "Tender Offers") for cash certain series of senior notes listed in the table below (collectively, the "Securities") have been oversubscribed. Cliffs also announced that it has increased the Maximum Payment [...]

CLEVELAND, Feb. 27, 2017 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it has issued $500 million aggregate principal amount of 5.75% Senior Notes due 2025. The Notes are guaranteed on a senior unsecured basis by the Company's material direct and indirect wholly-owned domestic subsidiaries.  The Company will use the net proceeds from the offering of the Notes, along with a portion of the [...]

CLEVELAND, Feb. 10, 2017 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it has priced an offering of $500 million aggregate principal amount of Senior Notes due 2025 (the "Notes") in an offering that is exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act"). The Notes will bear interest at an annual rate of 5.75 percent and will be issued at a price [...]

CLEVELAND, Feb. 9, 2017 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it intends to offer to sell, subject to market and other conditions, $500 million aggregate principal amount of Senior Notes due 2025 (the "Notes") in an offering that is exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act"). The Notes will be guaranteed on a senior unsecured [...]

CLEVELAND, Feb. 9, 2017 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today announced the pricing of its underwritten public offering of its common shares ("Common Shares"). Cliffs agreed to sell 55,000,000 Common Shares at a public offering price of $10.75 per share (the "Offering"). Gross proceeds to Cliffs from this Offering are $591,250,000 before underwriter discounts and commissions and other expenses [...]