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12.11.25 - 13:06
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Cleveland-Cliffs Appoints Edilson Camara to the Board of Directors (Business Wire)
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CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) announced today that it has appointed Edilson Camara to its Board of Directors, effective immediately. Mr. Camara will serve on the Board's Compensation and Organization Committee, further strengthening Cliffs' leadership in talent, governance and global industrial strategy.
Mr. Camara is Chief Executive Officer Emeritus at Egon Zehnder, a top global executive search and leadership advisory firm, and a senior partner in the firm's industrial practice group. During his tenure as CEO from 2018 to 2024, he led the firm's operations across 48 countries, with 69 offices, and 3,000 employees. Previously, Mr. Camara served as a long-standing member of Egon Zehnder's Executive Committee and a member of the Finance and People Committees of the firm's board. Mr. Camara also served as Managing Partner in both Canada and Brazil during his tenure at the firm.
He began his career in strategic planning and downstream operations at Holcim ...
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30.10.25 - 12:00
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Cleveland-Cliffs Inc. Prices Public Offering of 75,000,000 Common Shares (Business Wire)
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CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) announced today the pricing of its underwritten public offering (the “Offering”) of 75,000,000 common shares, par value $0.125 per share (the “Common Shares”), for expected gross proceeds of $964 million, before discounts and expenses. In addition, Cliffs has also granted the underwriter a 30-day option to purchase up to an additional 11,250,000 Common Shares. The Offering is expected to close on October 31, 2025, subject to the satisfaction of customary closing conditions.
Cliffs intends to use the net proceeds from the Offering for the repayment of borrowings under its asset-based credit facility, with any remaining net proceeds for general corporate purposes.
UBS Securities LLC is acting as underwriter for the Offering and proposes to offer the Common Shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise...
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29.10.25 - 21:27
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Cleveland-Cliffs Inc. Announces Proposed Offering of 75,000,000 Common Shares (Business Wire)
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CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) announced today that it has commenced an underwritten public offering (the “Offering”) of 75,000,000 of its common shares, par value $0.125 per share (the “Common Shares”). In addition, Cliffs intends to grant the underwriter a 30-day option to purchase up to an additional 11,250,000 Common Shares.
Cliffs intends to use the net proceeds from the Offering for the repayment of borrowings under its asset-based credit facility, with any remaining net proceeds for general corporate purposes.
UBS Securities LLC is acting as underwriter for the Offering and proposes to offer the Common Shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at prevailing market prices, at prices related to prevailing market prices or at negotiated prices.
The Common Shares are being offered by Cliffs pursuant to a new automatically ...
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