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皇冠体育-皇冠体育斯宣布将于2030年到期的7.5亿美元高级无担保担保票据的定价

皇冠体育——2023年4月11日 ——皇冠体育-皇冠体育斯公司 (纽约证券交易所:CLF) 该公司今天宣布，已对2030年到期的总本金7.5亿美元的高级无担保担保票据（“票据”）进行定价，此次发行不受《1933年证券法》（“证券法”）的注册要求的约束。票据的年利率为6.75%，并将按面值发行。票据将由公司的重要直接和间接全资国内子公司（某些不包括在内的子公司除外）以高级无担保为基础进行担保。在满足惯例成交条件的情况下，此次发行预计将于2023年4月14日完成。

公司打算使用票据的净收益来偿还公司现有的基于资产的循环信贷安排下的部分借款。该交易是杠杆中性和利息支出中性，并延长了公司的债务期限。交易完成后，公司将保留超过20亿美元的预付或可赎回债务，预计将随着自由现金流的产生而继续减少。

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。

CLEVELAND-CLIFFS INC .) • 200公共广场 • 3300套房 • 皇冠体育，44114-2544

关于皇冠体育-皇冠体育斯公司

皇冠体育-克利夫斯是北美最大的扁钢生产商。皇冠体育斯成立于1847年，是一家矿山运营商，也是北美最大的铁矿石球团制造商。公司从开采原料、直接还原铁、废铁到初级炼钢及下游精加工、冲压、工装、管材等垂直一体化。皇冠体育-皇冠体育斯是北美汽车行业最大的钢铁供应商，并因其全面的扁钢产品而服务于各种其他市场。皇冠体育-克利夫斯总部位于俄亥俄州皇冠体育，在皇冠体育官网和加拿大拥有约27,000名员工。

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 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: continued volatility of steel, iron ore and scrap metal 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 supply chain disruptions, such as the semiconductor shortage, and higher consumer interest rates, which could result in lower steel volumes being demanded; 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 inflationary pressures, the COVID-19 pandemic, conflicts or otherwise; severe financial hardship, bankruptcy, temporary or permanent shutdowns or operational challenges of one or more of our major customers, including customers in the automotive market, key suppliers or contractors, which, among other adverse effects, could disrupt our operations or 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; disruptions to our operations relating to an infectious disease outbreak or the COVID-19 pandemic, including workforce challenges and the risk that novel variants will prove resistant to existing vaccines or that new or continuing lockdowns in China will impact our ability to source certain critical supplies in a timely and predictable manner; risks related to U.S. government actions with respect to Section 232 of the Trade Expansion Act of 1962 (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, including potential environmental regulations relating to climate change and carbon emissions, 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, and reclamation and remediation obligations; 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 our financial flexibility and cash flow necessary to fund working capital, planned capital expenditures, acquisitions, and other general corporate purposes or ongoing needs of our business; our ability to reduce our indebtedness or return capital to shareholders within the currently expected timeframes or at all; adverse changes in credit ratings, interest rates, foreign currency rates and tax laws, including adverse impacts as a result of the Inflation Reduction Act of 2022; the outcome of, and costs incurred in connection with, lawsuits, claims, arbitrations or governmental proceedings relating to commercial and business disputes, antitrust claims, environmental matters, government investigations, occupational or personal injury claims, property damage, labor and employment matters, or suits involving legacy operations and other matters; uncertain availability or cost, due to inflation or otherwise, of critical manufacturing equipment and spare parts; supply chain disruptions or changes in the cost, quality or availability of energy sources, including electricity, natural gas and diesel fuel, or critical raw materials and supplies, including iron ore, industrial gases, graphite electrodes, scrap metal, chrome, zinc, coke and metallurgical coal; problems or disruptions associated with transporting products to our customers, moving manufacturing inputs or products internally among our facilities, or suppliers transporting raw materials to us; the risk that the cost or time to implement a strategic or sustaining capital project may prove to be greater than originally anticipated; uncertainties associated with natural or human-caused

CLEVELAND-CLIFFS INC .) • 200公共广场 • 3300套房 • 皇冠体育，44114-2544

灾害、恶劣天气条件、意外地质条件、关键设备故障、传染病暴发、尾矿坝溃坝等突发事件；由我们或托管或有权访问我们数据或系统的第三方管理的信息技术系统的中断或故障相关的网络安全事件，包括敏感或重要业务或个人信息的丢失、被盗或损坏，以及无法访问或控制系统；与临时或无限期闲置或永久关闭运营设施或矿山的任何业务决策相关的负债和成本，这可能对相关资产的账面价值产生不利影响，并产生减值费用或关闭和回收义务，以及重新启动任何先前闲置的运营设施或矿山相关的不确定性；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；与我们满足客户和供应商的脱碳目标以及根据我们自己宣布的目标减少温室气体排放的能力相关的不确定性；维护我们与利益相关者一起运营的社会执照所面临的挑战，包括我们的运营对当地社区的影响，在产生温室气体的碳密集型行业中运营的声誉影响，以及我们培养一致的运营和安全记录的能力；我们的实际经济矿产储量或当前矿产储量估计值的减少，以及任何采矿财产的租约、许可证、地役权或其他占有权权益的任何所有权缺陷或损失；我们与工会和员工保持良好劳资关系的能力；由于计划资产价值变动或未供资债务所需缴款增加而导致养恤金和其他离职后福利债务的意外费用或增加费用；技术工人填补关键运营岗位的不确定可用性或成本，以及由经验丰富的员工流失或其他原因造成的潜在劳动力短缺，以及我们吸引、雇用、发展和留住关键人员的能力；回购普通股的金额和时间；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2022年12月31日的年度10-K表年度报告中的风险因素，以及向皇冠体育官网证券交易委员会提交的其他文件。

资料来源：Cleveland-Cliffs Inc。


媒体联络: 帕特里夏·多夫企业传讯高级总监 (216) 694 - 5316			投资者联系: 詹姆斯·克尔投资者关系经理 (216) 694 - 7719

CLEVELAND-CLIFFS INC .) • 200公共广场 • 3300套房 • 皇冠体育，44114-2544