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DewDiligence

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DewDiligence

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Re: DewDiligence post# 21798

Wednesday, 04/15/2020 9:13:36 AM

Wednesday, April 15, 2020 9:13:36 AM

Post# of 30495
CLF selling $400M of 5-year notes—pricing to be determined:

https://finance.yahoo.com/news/cleveland-cliffs-inc-announces-proposed-125100383.html

Cliffs intends to use the net proceeds from the Notes Offering for general corporate purposes, including to strengthen its balance sheet and increase liquidity, which may include repaying a portion of the borrowings outstanding under the ABL Facility.

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

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