Cliffs Natural Resources Inc. (NYSE:CLF) Files An 8-K Other Events
Item 8.01.
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Other Events.
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offering by Cliffs Natural Resources Inc. (the Company) of
55,000,000 common shares (Common Shares) of the Company notified
the Company that it was exercising its option to purchase an
additional 8,250,000 shares from the Company in full. The Company
expects to close the offering of the 63,250,000 Common Shares on
February 14, 2017, subject to the satisfaction of customary
closing conditions.
offer to sell $500 million aggregate principal amount of senior
guaranteed notes (the Notes) in an offering exempt from the
registration requirements of the Securities Act of 1933 (the
Securities Act). This announcement was contained in a press
release, a copy of which is filed as Exhibit 99.1 hereto and is
incorporated herein by reference.
its private offering of $500 million aggregate principal amount
of the Notes. The Notes will bear interest at an annual rate of
5.75%. The Company expects to close the offering of the Notes on
February 27, 2017, subject to the satisfaction of customary
closing conditions. This announcement was contained in a press
release, a copy of which is filed as Exhibit 99.2 hereto and is
incorporated herein by reference.
purchase, nor a solicitation of an offer to sell, the Common
Shares, the Notes or any other securities. The Notes will not be
and have not been registered under the Securities Act, and may
not be offered or sold in the United States absent registration
or an applicable exemption from the registration requirements.
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Item 9.01.
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Financial Statements and Exhibits.
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(d)
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Exhibits.
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Exhibit
Number
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Description
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99.1
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Press release announcing senior notes offering, dated
February 9, 2017 |
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99.2
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Press release announcing pricing of senior notes
offering, dated February 10, 2017 |
About Cliffs Natural Resources Inc. (NYSE:CLF)
Cliffs Natural Resources Inc. is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. The Company’s segments include U.S. Iron Ore and Asia Pacific Iron Ore. The Company is a producer of iron ore pellets, primarily selling production from U.S. Iron Ore to integrated steel companies in the United States and Canada. The Company manages approximately five iron ore mines located in Michigan and Minnesota. In Michigan, it is operating over two iron ore mines, Empire mine and Tilden mine. In Minnesota, it is operating approximately one iron ore mine, Hibbing mine. The other two iron ore operations in Minnesota, United Taconite mine and Northshore mine. Its Asia Pacific Iron Ore operations are located in Western Australia and consist of its Koolyanobbing operation. The Company operates an iron ore mining complex in Western Australia. Cliffs Natural Resources Inc. (NYSE:CLF) Recent Trading Information
Cliffs Natural Resources Inc. (NYSE:CLF) closed its last trading session up +0.77 at 11.92 with 67,695,481 shares trading hands.