Cleveland-Cliffs proposes offering of 75 million shares
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Cleveland-Cliffs Inc. Announces Proposed Offering of 75,000,000 Common Shares
October 29, 2025 4:26 PM EDTCLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) (Cliffs) announced today that it has commenced an underwritten public offering (the Offering) of 75,000,000 of its common shares, par value $0.125 per share (the Common Shares). In addition, Cliffs intends to grant the underwriter a 30-day option to purchase up to an additional 11,250,000 Common Shares.
Cliffs intends to use the net proceeds from the Offering for the repayment of borrowings under its asset-based credit facility, with any remaining net proceeds for general corporate purposes.
UBS Securities LLC is acting as underwriter for the Offering and... More
