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DewDiligence

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DewDiligence

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Re: jbog post# 6243

Thursday, 12/06/2012 3:09:58 PM

Thursday, December 06, 2012 3:09:58 PM

Post# of 30493

Cliffs' nearest maturity is 2013, when its $270 million of private placement notes mature. We expect that Cliffs will address the maturity in a timely manner.

They just did, raising $500M of 5-year bonds @3.95%:

http://finance.yahoo.com/news/cliffs-natural-resources-inc-announces-194600740.html

This takes care of not only CLF’s 2013 maturities, but also the ones in 2015.

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

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