Replies to post #5335 on Cleveland Cliffs Inc (CLF)

[DewDiligence]

$400M of 5-yr notes—>yield-to-maturity >10% (ouch):

https://www.sec.gov/Archives/edgar/data/764065/000076406520000151/a202004158-kxpricingxe.htm

Cleveland-Cliffs…announced today that it has priced $400 million aggregate principal amount of Senior Secured Notes due 2025… The Notes will bear interest at an annual rate of 9.875% and will be issued at a price of 94.500% of their principal amount.