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Cleveland-Cliffs Inc. (CLF) Is Losing Ground After Offering Announcement

Cleveland-Cliffs Inc. (CLF) announced after the bell Monday that it intends to sell $400 million aggregate principal amount of its senior secured notes due 2024 in an offering.

The company also announced that it intends to sell $275 million aggregate principal amount of its convertible senior notes due 2025 in a public offering. The stock is now down 0.46 on 513K shares.

Cleveland-Cliffs traded in a range for the majority of Monday's session and closed down by 0.07 at $6.75.

by RTTNews Staff Writer

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