Cliffs Natural Resources extends multicurrency credit facility to 2017

By Susanna Moon

Chicago, Oct. 19 - Cliffs Natural Resources Inc. amended its multicurrency credit facility, pushing out the maturity by one year to Oct. 16, 2017.

The company amended the credit agreement Tuesday with Bank of America Merrill Lynch, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., PNC Capital Markets Inc. and U.S. Bank NA as lead arrangers and book managers, according to an 8-K filing with the Securities and Exchange Commission.

All other loan terms remain unchanged.

Bank of America, NA is the administrative agent, swingline lender and letter-of-credit issuer; JPMorgan Chase Bank, NA is syndication agent and letter-of-credit issuer; and Fifth Third Bank and RBS Citizens, NA are the co-documentation agents.

Cliffs Natural Resources is a Cleveland-based mining and natural resources company.

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