Replies to post #8994 on The Rising Influence of Rising Affluence

[Democritus_of_Abdera]

Re: CLF debt...

jbog

My big question or fear is with Goncalves selling any assets in such a depressed market, no matter at any reasonable price can Cliffs ever support it's $3.5 bil debt? I'm estimating they would be lucky to garner $1.0B with the sales so how could they ever support the $2.5 billion of debt left?

Personally, I'm not worried about the debt.... I think that if CLF sells the non-US assets it's US iron ore earnings can cover the interest of any remaining debt. And I believe that when the time comes, CLF will be able to roll over the debt at interest rates that the US assets will continue to be able to cover.