Cleveland-Cliffs Launches 75 Million Share Public Offering

Reuters

Oct 30

Cleveland-Cliffs Inc. has announced an underwritten public offering of 75,000,000 common shares, with an additional 11,250,000 shares available to the underwriter through a 30-day option. The company plans to use the net proceeds to repay borrowings under its asset-based credit facility and for general corporate purposes. UBS Securities LLC is acting as the underwriter for the offering.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cleveland-Cliffs Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251029491303) on October 29, 2025, and is solely responsible for the information contained therein.

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