BMO InvestorLine Alerts
Cliffs Natural Resources Inc (CLF:NYSE) - News Alert
New Issue-Cliffs Natural Resources sells $1 bln
Sept 15 (Reuters) - Cliffs Natural Resources Inc on Wednesday sold $1 billion of senior unsecured notes in two parts, said IFR, a
Thomson Reuters service. The size of the deal was increased from
an originally planned $750 million. Bank of America Merrill
Lynch and JP Morgan were the joint bookrunning managers for the
sale. BORROWER: CLIFFS NATURAL RESOURCES INC TRANCHE 1
AMT $500 MLN COUPON 4.80
PCT MATURITY 10/1/2020 TYPE SR NTS ISS PRICE 99.793
FIRST PAY 4/1/2011 MOODY'S Baa3 YIELD 4.826 PCT
SETTLEMENT 9/20/2010 S&P BBB-MINUS SPREAD 210 BPS PAY FREQ
SEMI-ANNUAL FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL
35 BPS TRANCHE 2
AMT $500 MLN COUPON 6.25 PCT MATURITY 10/1/2040 TYPE SR
NTS ISS PRICE 98.255 FIRST PAY 4/1/2011 MOODY'S Baa3
YIELD 6.381 PCT SETTLEMENT 9/20/2010 S&P BBB-MINUS SPREAD
250 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN
TREAS MAKE-WHOLE CALL 40 BPS
CLF at 4:02PM ET on September 15, 2010 is:
Last: $63.28 US
Change: +0.10
Volume: 4,425,328
P/E Ratio: 16.35
Today's High: $64.17 US
Today's Low: $62.18 US
