Cleveland-Cliffs Inc (CLF) 2023-1

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD750.0007Apr-30SeniorBa3BB-BB-FixedTsy6.75-7.00%6.625-6.875%3256.75%-100.00000
Tranche Comments
7 yr: First Pay: 2023-10-15; Redemption: 2026-04-15; Registration: 144A/Reg S; Comments: US$750m 6.75% cpn 7yr (4/15/30) at 100, yld 6.75%. Spread: T+325bp. Equity Clawback: Up to 35% at 106.75% . MWC T+50bp until 4/15/26 and then Call Schedule: 4/15/26 103.375, 4/15/27 101.688, 4/15/28 and thereafter 100. Settlement: 4/14/23. LEI: 549300TM2WLI2BJMDD86. CoC: 101%;
Deal Comments
Guaranteed Notes
Use of Proceeds
Repay debt
Research
AllReportsSurveillanceOther

Explore all other research.