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Cleveland-Cliffs extends $4.5 billion of revolving commitments for three years and obtains $250 million incremental increase to existing credit facility

June 2023

Client(s) Cleveland-Cliffs Inc.

Jones Day represented Cleveland-Cliffs Inc., the largest flat-rolled steel producer and the largest supplier of iron ore pellets in North America, in connection with an amendment to its existing asset-based revolving credit facility to, among other things, extend the maturity of $4.5 billion of revolving commitments for three years and increase the revolving commitments by an additional $250 million.

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