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Re: DewDiligence post# 8638

Tuesday, 04/23/2024 4:33:58 PM

Tuesday, April 23, 2024 4:33:58 PM

Post# of 8671
CLF 1Q24 CC notes re capital allocation:

CLF’s targeted debt leverage is <=2.5x EBITDA. There is ample room for CLF to continue to repurchase shares while staying well below the 2.5x ceiling.

CLF has no debt maturities until 2027.

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