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DewDiligence

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DewDiligence

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Re: DewDiligence post# 4195

Monday, 05/13/2019 10:14:47 AM

Monday, May 13, 2019 10:14:47 AM

Post# of 8630
$600M tender for 2025 bonds was fully executed (actually oversubscribed by almost 40%):

https://finance.yahoo.com/news/cleveland-cliffs-inc-announces-early-110000637.html

“CEO Lourenco Goncalves said, “We are very pleased with the result of this entire refinancing transaction, and particularly with the success of the tender offer for the 2025 notes. With the early full-retirement of the 2021 notes, the next maturity date is now in 2024, and we no longer have any maturity dates at all for the next five years.”

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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