Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
NYSE-listed Cliffs Natural Resources has entered into a new senior secured asset-based revolving credit facility (ABL facility) and has completed a private offering of $540-million total principal amount of 8.25% senior secured notes due on March 31, 2020, the company announced on Monda. Cleveland, Ohio-based Cliffs received net proceeds, after the initial purchasers' discounts and the payment of fees and expenses, of about $491.4-million from the offering of the new first lien notes.
NYSE-listed Cliffs Natural Resources has entered into a new senior secured asset-based revolving credit facility (ABL facility) and has completed a private offering of $540-million total principal amount of 8.25% senior secured notes due on March 31, 2020, the company announced on Monda. Cleveland, Ohio-based Cliffs received net proceeds, after the initial purchasers' discounts and the payment of fees and expenses, of about $491.4-million from the offering of the new first lien notes.
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