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Cleveland-Cliffs to Fully Redeem its 1.50% Convertible Senior Notes due 2025

Cleveland-Cliffs to Fully Redeem its 1.50% Convertible Senior Notes due 2025

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CLEVELAND–(BUSINESS WIRE)–Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has instructed the trustee to provide notice of redemption for all remaining $294 million of its 1.50% Convertible Senior Notes due 2025. The redemption will take place on January 18, 2022, the earliest possible date for redemption pursuant to the Indenture governing the Notes. Noteholders may convert their Notes prior to the redemption date. Upon redemption or early conversion, the Company intends to pay 100

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