皇冠体育-克利夫斯公司（CLEVELAND- cliffs INC.）公布按票面价格发行的高级无担保担保票据的定价，2029年到期的5亿美元4.625%票据和2031年到期的5亿美元4.875%票据。皇冠体育- 2021年2月9日-皇冠体育-皇冠体育-克利夫斯公司(纽约证券交易所：CLF)今天宣布，该公司已对2029年到期的5亿美元优先无担保担保票据（“2029年票据”）和2031年到期的5亿美元优先无担保担保票据（“2031年票据”和“2029年票据”）的总本金进行了定价，此次发行不受《1933年证券法》（“证券法”）的注册要求的约束。2029年债券的年利率为4.625%，发行价格为面值的100%。2031年债券的年利率为4.875%，发行价格为面值的100%。这些票据将由公司重要的直接和间接全资拥有的国内子公司（某些被排除在外的子公司除外）在高级无担保基础上进行担保。在满足惯例成交条件的情况下，此次发行预计将于2021年2月17日完成。公司打算将发行票据的净收益用于(i)赎回所有2024年到期的4.875%高级担保票据和2025年到期的6.375%高级担保票据，以及皇冠体育-皇冠体育斯钢铁公司（f/k/a AK Steel Corporation）发行的某些票据，包括2021年到期的7.625%高级票据，2023年到期的7.50%高级票据和2025年到期的6.375%高级票据，以及（ii）减少公司现有基于资产的循环信贷额度下的借款。本新闻稿不构成关于此处列出的任何票据的赎回通知。本新闻稿不构成出售或征求购买任何证券的要约。根据《证券法》第144A条规定的注册豁免，这些票据和相关担保仅提供给合格的机构买家，并且在皇冠体育官网境外提供给非皇冠体育官网。依赖《证券法》第S条规定的注册豁免的人。票据和相关担保未根据《证券法》或任何州或其他司法管辖区的证券法进行注册，未经注册或《证券法》和适用的州证券法或蓝天法和外国证券法的适用豁免，不得在皇冠体育官网提供或出售。关于皇冠体育-皇冠体育斯公司皇冠体育斯是北美最大的扁钢生产商。我们成立于1847年，是一家矿山运营商，也是北美最大的铁矿石球团供应商。2020年，我们收购了两家主要钢铁制造商，AK钢铁公司和安赛乐米塔尔皇冠体育官网公司，将我们的传统铁矿石业务与以质量为重点的钢铁生产和重点放在汽车终端市场上进行垂直整合。我们完全整合的产品组合包括定制球团和直接还原铁；碳钢、不锈钢、电工、板、锡、长钢制品；以及碳素和不锈钢管，冷热冲压和工装。总部位于俄亥俄州皇冠体育，我们在皇冠体育官网和加拿大的采矿，钢铁和下游制造业务中拥有约25,000名员工。前瞻性陈述附录99.2
CLEVELAND-CLIFFS INC. • 200 PUBLIC SQUARE • SUITE 3300 • CLEVELAND, OH 44114-2544 2 This release contains statements that constitute "forward-looking statements" within the meaning of the federal securities laws. All statements other than historical facts, including, without limitation, statements regarding the expected benefits of the Offering, and our current expectations, estimates and projections about our industry or our businesses are forward-looking statements. We caution investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Investors are cautioned not to place undue reliance on forward-looking statements. Among the risks and uncertainties that could cause actual results to differ from those described in forward-looking statements are the following: the finalization of our financial statements as of and for the fourth quarter and year ended December 31, 2020, which may differ from our expectations and preliminary estimated financial information; disruptions to our operations relating to the COVID-19 pandemic, including the heightened risk that a significant portion of our workforce or on-site contractors may suffer illness or otherwise be unable to perform their ordinary work functions; continued volatility of steel and iron ore market prices, which directly and indirectly impact the prices of the products that we sell to our customers; uncertainties associated with the highly competitive and cyclical steel industry and our reliance on the demand for steel from the automotive industry, which has been experiencing a trend toward lightweighting that could result in lower steel volumes being consumed; potential weaknesses and uncertainties in global economic conditions, excess global steelmaking capacity, oversupply of iron ore, prevalence of steel imports and reduced market demand, including as a result of the COVID-19 pandemic; severe financial hardship, bankruptcy, temporary or permanent shutdowns or operational challenges, due to the COVID-19 pandemic or otherwise, of one or more of our major customers, including customers in the automotive market, key suppliers or contractors, which, among other adverse effects, could lead to reduced demand for our products, increased difficulty collecting receivables, and customers and/or suppliers asserting force majeure or other reasons for not performing their contractual obligations to us; risks related to U.S. government actions with respect to Section 232 of the Trade Expansion Act (as amended by the Trade Act of 1974), the United States-Mexico- Canada Agreement and/or other trade agreements, tariffs, treaties or policies, as well as the uncertainty of obtaining and maintaining effective antidumping and countervailing duty orders to counteract the harmful effects of unfairly traded imports; impacts of existing and increasing governmental regulation and related costs and liabilities, including failure to receive or maintain required operating and environmental permits, approvals, modifications or other authorizations of, or from, any governmental or regulatory authority and costs related to implementing improvements to ensure compliance with regulatory changes, including potential financial assurance requirements; potential impacts to the environment or exposure to hazardous substances resulting from our operations; our ability to maintain adequate liquidity, our level of indebtedness and the availability of capital could limit cash flow necessary to fund working capital, planned capital expenditures, acquisitions, and other general corporate purposes or ongoing needs of our business; adverse changes in credit ratings, interest rates, foreign currency rates and tax laws; limitations on our ability to realize some or all of our deferred tax assets or net operating loss carryforwards; our ability to realize the anticipated synergies and benefits of our acquisitions of AK Steel and ArcelorMittal USA and to successfully integrate the businesses of AK Steel and ArcelorMittal USA into our existing businesses, including uncertainties associated with maintaining relationships with customers, vendors and employees; additional debt we assumed, incurred or issued in connection with the acquisition of AK Steel and ArcelorMittal USA, as well as additional debt we incurred in connection with enhancing our liquidity during the COVID-19 pandemic, may negatively impact our credit profile and limit our financial flexibility; known and unknown liabilities we assumed in connection with the acquisition of AK Steel and ArcelorMittal USA, including significant environmental, pension and other postretirement benefits (“OPEB”) obligations; the ability of our customers, joint venture partners and third-party service providers to meet their obligations to us on a timely basis or at all; supply chain disruptions or changes in the cost or quality of energy sources or critical raw materials and supplies, including iron ore, industrial gases, graphite electrodes, scrap, chrome, zinc, coke and coal; liabilities and costs arising in connection with any business decisions to
暂时闲置或永久关闭矿山或生产设施，这可能对相关资产的账面价值产生不利影响，并产生减值费用，以及重新启动任何先前闲置的矿山或生产设施相关的不确定性；与向客户运输产品、在我们的工厂内部运输产品或向我们运输原材料的供应商有关的问题或中断；与自然灾害、恶劣天气条件、意外地质条件、关键设备故障、传染病爆发、尾矿坝故障和其他意外事件相关的不确定性；我们的自我保险水平和获得足够第三方保险以充分覆盖潜在不利事件和业务风险的能力；我们的信息技术系统（包括与网络安全相关的系统）的中断或故障；我们成功识别和完善任何战略投资或开发项目的能力，经济有效地实现计划的生产速度或水平，使我们的产品组合多样化并增加新客户；我们的实际经济铁矿石和煤炭储量或当前矿产估计的减少，包括我们是否能够用额外的矿体取代枯竭的储量，以支持我们业务的长期可行性；与我们的客户、合资伙伴、出租人或重要的能源、材料或服务提供商之间的任何合同纠纷的结果，或任何其他诉讼或仲裁的结果；维持我们与利益相关者合作的社会执照的能力，包括建立良好的声誉和一致的运营和安全记录；我们与工会和员工保持良好劳资关系的能力；可填补关键运营职位的工人数量和2019冠状病毒病大流行造成的潜在劳动力短缺，以及我们吸引、雇用、培养和留住关键人员的能力，包括在收购的AK钢铁和安赛乐米塔尔皇冠体育官网业务中；由于计划资产价值的变化或未供资债务所需缴款的增加，与养恤金和项目外负债有关的意外费用或较高费用；以及我们在财务报告内部控制方面可能存在的重大缺陷或重大缺陷。有关影响Cliffs业务的其他因素，请参阅第I部分第1A项。截至2019年12月31日的年度10-K表年度报告的风险因素，截至2020年3月31日和2020年9月30日的季度10-Q表季度报告以及向皇冠体育官网证券交易委员会提交的其他文件。敦促您仔细考虑这些风险因素。资料来源：Cleveland-Cliffs Inc。媒体联系人：Patricia Persico董事，企业传播（216）694-5316投资者联系人：Paul Finan副总裁，投资者关系（216）694-6544 ###