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DewDiligence

04/29/19 12:55 PM

#4188 RE: sts66 #4187

A $50 early-tender "premium" is what CLF used in its prior tender offers for outstanding bonds that were successfully completed. As long as the tender-offer price, including the $50 premium, is above the current market price, there ought to be some takers.
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DewDiligence

04/30/19 8:17 AM

#4193 RE: sts66 #4187

CLF prices $750M of 2027 bonds (to fund the redemption of the 2021 bonds and the $600M tender offer for a portion of the 2025 bonds):

https://www.sec.gov/Archives/edgar/data/764065/000076406519000096/a20190429-8xkxex992.htm