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Prospect News home > News index > List of issuers Paydowns > Headlines for Alto Parana > News item
Published on 2/9/2021 in the Prospect News Bank Loan Daily.

Cleveland-Cliffs to reduce borrowings under revolver via new notes

By Taylor Fox

New York, Feb. 9 – Cleveland-Cliffs Inc. plans to reduce borrowings under its existing asset-based revolving credit facility using proceeds from new series of notes due 2029 and 2031, according to a news release.

The proceeds will also be used to redeem outstanding notes issued by Cleveland-Cliffs and Cleveland-Cliffs Steel Corp.

The company is a Cleveland-based iron ore pellet producer.


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