EXCHANGE OFFERS ANNOUNCED
Cliffs has announced the commencement of private offers to exchange up to $750 million aggregate principal amount of its newly issued 7.75% Senior Secured Notes due 2020 for certain outstanding senior unsecured notes of Cliffs, upon the terms and subject to the conditions set forth in the Company's offering memorandum dated February 26, 2015.
Read the news release on our Investors site.
POWER AGREEMENT FINALIZED
Cliffs has finalized an interim power agreement with We Energies for its Michigan operations. The Company stated that this is one key step in a series of contemplated short and long-term agreements that are essential to the viability of its iron ore mines in the Upper Peninsula.
The complete news release is available on our Investors site.
4Q/FY 2014 EARNINGS RESULTS
Cliffs' earnings results for 4Q/FY 2014 and an archived version of our Feb. 3 earnings conference call with analysts and investors have been posted in the "Quarterly Results" section of our Investors site.