Cleveland-Cliffs Inc.’s High‑Yield Senior Guaranteed Notes Offering
February 20, 2025
Cravath represented the initial purchasers in connection with the $850 million 144A/Reg. S high‑yield senior guaranteed notes offering of Cleveland‑Cliffs Inc., a leading North America‑based steel producer. The transaction closed on February 6, 2025.
The Cravath team included partners William V. Fogg and Douglas Dolan and associates Nicholas B. Singer and Steven T. Marzagalli on capital markets matters; partner Andrew T. Davis and associate Eduardo D. Jacobo on tax matters; senior attorney Annmarie M. Terraciano and associate Star S. Gulant on environmental matters; and associate Oscar Porter on executive compensation and benefits matters. Liza Park also worked on capital markets matters.
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People
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J.D., 1991, Columbia Law SchoolHarlan Fiske Stone Scholar
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A.B., 1988, Brown Universitymagna cum laude
- New York
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J.D., 2014, New York University School of Lawmagna cum laude
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B.A., 2011, Cornell University
- New York
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LL.M., 2020, New York University School of Law
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J.D., 2014, Stanford Law School
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A.B., 2010, Princeton Universitysumma cum laude
- New York
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J.D., 1998, Columbia Law SchoolHarlan Fiske Stone Scholar
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M.S., 1994, University of Wisconsin - Madison
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B.A., 1989, Wellesley Collegecum laude
- New York
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November 06, 2024
Cleveland‑Cliffs Inc.’s $1.8 Billion High‑Yield Senior Notes Offering
Cravath represented the initial purchasers in connection with the $1.8 billion 144A/Reg. S high‑yield senior notes offering of Cleveland‑Cliffs Inc., a leading North America‑based steel producer. Proceeds of the offering will be used to partially finance Cleveland‑Cliffs Inc.'s acquisition of Stelco Holdings Inc., an integrated steelmaker with operations in Canada. The transaction closed on October 22, 2024.
