Cleveland‑Cliffs Inc.’s High‑Yield Senior Guaranteed Notes Offering
September 24, 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 September 8, 2025.
The Cravath team included partners William V. Fogg and Douglas Dolan and associates Kathryn Kennedy Bleday, Steven T. Marzagalli, Laura Serban and Jaclyn A. S. Dietz on capital markets matters; associate Frederick Schemel on tax matters; partner Matthew Morreale and senior attorney Annmarie M. Terraciano on environmental matters; and partner Eric W. Hilfers and associate S. Celine Li on executive compensation and benefits matters.
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People
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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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J.D., 1997, Columbia Law SchoolHarlan Fiske Stone Scholar
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M.S., 1994, University of Pennsylvania
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B.A., 1990, University of Pennsylvania
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B.A.S., 1990, University of Pennsylvania
- New York
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J.D., 1998, University of Chicago Law Schoolwith Honors
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A.B., 1995, Princeton University
- 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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J.D., 1991, Columbia Law SchoolHarlan Fiske Stone Scholar
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A.B., 1988, Brown Universitymagna cum laude
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Related News & Insights
Deals & Cases
February 20, 2025
Cleveland-Cliffs Inc.’s High‑Yield Senior Guaranteed Notes Offering
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.
Deals & Cases
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.
