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DewDiligence

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DewDiligence

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Re: DewDiligence post# 29447

Tuesday, 10/08/2024 7:23:54 PM

Tuesday, October 08, 2024 7:23:54 PM

Post# of 30564
CLF sells $1.8B of 5-8-yr debt at 6.875-7.375%:

https://finance.yahoo.com/news/cleveland-cliffs-inc-announces-upsizing-204500585.html

The $1.8B proceeds from today’s debt sale—together with the $600M proceeds from the debt CLF sold in Aug 2024 (#msg-174914148)—are more than enough to meet the net cash requirements of the Stelco acquisition (#msg-174755282).

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

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