US iron-ore miner Cleveland-Cliffs on Monday announced that it intends to offer to sell, subject to market and other conditions, a $750-million aggregate principal amount of senior notes, due in 2027, in an offering that is exempt from the registration requirements of the Securities Act of 1933. According to the NYSE-listed company, the notes will be guaranteed on a senior unsecured basis by the company’s material direct and indirect wholly-owned domestic subsidiaries.
