Cleveland-Cliffs shares are trading higher after the company issued an additional $600 million aggregate principal amount of 7.000% senior guaranteed notes due 2032.
Portfolio Pulse from Benzinga Newsdesk
Cleveland-Cliffs shares rose following the issuance of an additional $600 million in senior guaranteed notes due 2032, with a 7.000% interest rate.
August 19, 2024 | 3:28 pm
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POSITIVE IMPACT
Cleveland-Cliffs issued $600 million in senior guaranteed notes due 2032 at a 7% interest rate, boosting its stock price.
The issuance of $600 million in senior notes at a 7% interest rate is a significant financial move, indicating strong investor demand and confidence in Cleveland-Cliffs' financial stability. This has positively impacted the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100