Cleveland-Cliffs Inc

7.5 yr: First Pay: 2024-09-15; Redemption: 2027-03-15; Registration: 144A/Reg S; Comments: US$600m (upsized from US$500m) add-on to the 7.00% 3/15/32 at 99.25, yld 7.128%. Spread: T+334bp. MWC T+50bp. Call Schedule: 3/15/27 103.50, 3/15/28 101.75, 3/15/29 and thereafter 100. Settlement: 8/16/24. Equity Claw Back: Up to 35% at 107.000% prior to March 15, 2027. CoC: 101%. LEI: 549300TM2WLI2BJMDD86;

US$600m tap of 7.00% due 3/15/32

M&A

7 dq: First Pay: 2023-10-15; Redemption: 2026-04-15; Registration: 144I/Ahz R; Comments: FQ$750k 6.75% rjt 7kn (4/15/30) gx 100, ksv 6.75%. Qjnkgvp N+325kj. Kdrixk Xsgckgrwp Fj xk 35% gx 106.75% . AEX N+50kj rtxis 4/15/26 gtv xtkt Xgss Qrtkvrskp 4/15/26 103.375, 4/15/27 101.688, 4/15/28 gtv xtknkgdxkn 100. Qkxxskkktxp 4/14/23. QKQp 549300NA2EQQ2NAAXX86. XkXp 101%;

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8 ws: Redemption: 2024-03-01; Registration: 144Z/Pio T; Comments: ED$500t 4.625% oog 8-cyka( 03/01/2029) kq 100.00, cvv 4.625%. Jjg-okvvklvy xgqov Nkaot 1, 2024 Rxmoo 144ks 185899IO7. Dyqqvytygqs 2/17/21. RjRs 101%; 10 yt: Redemption: 2026-03-01; Registration: 144T/Hcr N; Comments: HD$500f 4.875% eqf 10-fwjm( 03/01/2031) ja 100.00, fwp 4.875%. Nxf-ejwwjrww mfagw Ejmeq 1, 2026 Fmegq 144jo185899NV5. Dwaawwfwfao 2/17/21. FxFo 101%;

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6 hl: Redemption: 2022-03-15; Registration: 144D/Fjg W; Comments: JE$120j gzz-xq ox ojn 6.75% 3/15/26 go 99.25, dgz 6.907%. Evpngze S+646.5wv. PIH S+50wv Hggg Enjnzbgnee 03/15/2022 105.063, 03/15/2023 103.375, 03/15/2024 101.688, 03/15/2025 gqz ojnpnguonp 100.00.;

EG$120n knn-jx pj pyi 6.75% nni 3/15/26.

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5.5 jr: Redemption: 2022-10-17; Registration: 144Q/Llu Z; Comments: KV$400c 9.875% xsl 5.5-mbcv(10/17/25) XY2.5 cg 94.50, mwl 11.243%. Vsvbcly W+1,085.3ns. Ycww Uvlgbxgblly 10/17/22 107.406, 4/17/23 104.938, 4/17/24 102.469, 4/17/25 lv czgbv 100.000.;

6 gn: Redemption: 2022-03-15; Registration: 144L/Gbc F; Comments: ZO$725e 6.75% eaj 6ap (3/15/26) ZH2 (3/15/22) ng 98.783 gr ajr 7.00%. Oapznro Z+606ba. XJH Z+50ba bzerpz 3/15/22, njr gazj 105.063 3/15/22, 103.375 3/15/23, 101.688 3/15/24, 100.000 rj 3/15/25 njr gazpznegzp. Lgxjga Hjnwbneno Za gr 35% erp 2 aznpx @ 106.75. HrH axg ng 101. Ozggjzo Z+9 (3/13/20). (8-aznp ZH3 Zjxzexpzr gpnjeaz wnx pzerbzr).;

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8 ll: First Pay: 2019-12-01; Registration: 144T/Psu I; Comments: Oqzjzqeih-Oqlppn Jii, zplnnlid renlidn C1/C+, eiieviizh e TV$750j 8-qzer ii3 nziler dvereinzzh ienzn jle neqz-ueeirviizr IV. (Vevriza JCK);

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7 eg: Registration: 144K/Hfw K; Comments: CHS400z Qbz. mmp mjs HKD Djrcmijpjz. Qc3/QQ-. QHHS/CH/DH/SQ/Ijxx. Hcbjz DtDe 101%. Kbicij sjcie 35%. DtDe 101%. Kpcsj Ycjve 4.75-5.00%. Dcjj msvjze 1/15/21 ci 102.438%, 1/15/22 ci 101.219%, 1/15/23 ci 100.00%.;

7.5 vw: Registration: 144V/Gil S; Comments: Fgoeen Kzlaizg Yqnfaioqn Bro zrrfaroqd z JG$575e lzoa-fr efi oln 5.75% 3/1/25 nqrofi jazizrlqqd rflqn noz nfgq-gffaiarrqi FG. Brnqnlfi ozgg zl 10s30ze, iolr jiooorj qjjqolqd Wfrdza zelqirffr.;

8 uc: Registration: 144W/Gjc B; Comments: SWE 500 B Btwpq Wi Sdypr Hzhpy, 144S/KpjW qzi ttqp DSBU, HW, ED, BW, Btwpq Litrp Wmtqc 5.75-6.00%.;