10/27/2025 | Press release | Distributed by Public on 10/27/2025 10:47
Cravath represented the initial purchaser in connection with the $275 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 October 10, 2025.
The Cravath team included partners William V. Fogg and Douglas Dolan and associates Steven T. Marzagalli, Laura Serban and Jaclyn A. S. Dietz on capital markets matters; partner Andrew T. Davis and associate Frederick Schemel on tax matters; senior attorney Annmarie M. Terraciano on environmental matters; and associate S. Celine Li on executive compensation and benefits matters.