Cleveland-Cliffs Completes $951 Million Public Offering of Common Shares

Jones Day represented Cleveland-Cliffs Inc., a leading North America-based steel producer with a focus on value-added sheet products, particularly for the automotive industry,  in connection with an underwritten public offering of 75,000,000 of its common shares, resulting in net proceeds of $951 million. The Jones Day team that advised Cleveland-Cliffs Inc. was led by Mike Solecki (Cleveland) and Ferrell Keel (Dallas), and included Malory Thelen, Paige Alderink, Terrence Wicks (all Dallas). All are part of the Firm’s Financial Markets practice. The press release has more information: https://www.clevelandcliffs.com/news/news-releases/detail/689/cleveland-cliffs-inc-prices-public-offering-of-75000000