Cliffs Natural Resources (CLF) Announces $300M Common Stock Offering

August 9, 2016 4:01 PM EDT

Get daily under-the-radar research with's Stealth Growth Insider Get your 2-Wk Free Trial here.

Cliffs Natural Resources Inc. (NYSE: CLF) announced the commencement of an underwritten public offering of $300 million of its common shares ("Common Shares") or up to an aggregate of $345 million of Common Shares if the underwriters exercise their option to purchase additional Common Shares in full (the "Offering").

The Company intends to use the net proceeds received from the Offering for general corporate purposes, including the repayment of debt, in particular its senior notes due January 2018.

BofA Merrill Lynch, Credit Suisse, Goldman, Sachs & Co. and Deutsche Bank Securities are acting as joint bookrunners for the Offering.

The Offering will be made only by means of a prospectus. A copy of the preliminary prospectus related to the Offering, when available, may be obtained for free by visiting the SEC's website at Alternatively, when available, copies may be obtained by contacting BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, Email:; Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue, New York, NY 10010, or by calling toll-free at (800) 221-1037 or by email at; Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Equity Offerings

Related Entities

Credit Suisse, Deutsche Bank, Merrill Lynch, Bank of America

Add Your Comment