Past year: ▼ 3%(8.45 – 13.76 USD)
Each one in plain English, with the numbers worked through for a shareholder.
2 Mar 2016debt financing▼ BadMajor
Amid the iron ore price collapse, Cliffs exchanged existing senior notes for $218.5 million of new 8.000% 1.5 Lien Senior Secured Notes due 2020 - a distressed debt exchange that gave noteholders better security in return for extended maturities.
2 Feb 2016listing compliance notice● NeutralMajor
CLEVELAND-CLIFFS INC.'s exchange filed to remove a class of its securities from listing.
29 Dec 2015material agreement▲ GoodMajor
Cliffs sold its remaining North American coal business (Pinnacle and Oak Grove mines) to Seneca Coal Resources for $268 million plus a possible $50 million earnout through 2020, completing its exit from coal to focus fully on its US iron ore pellet business.
