WASHINGTON (dpa-AFX) - Cliffs Natural Resources Inc. (CLF) announced the commencement of private offers to exchange up to $750 million aggregate principal amount of its newly issued 7.75 percent Senior Secured Notes due 2020 for certain outstanding senior unsecured notes of the company.
Eligible holders must validly tender their notes on or before March 11, in order to be eligible to receive the applicable 'Total Exchange Consideration.' The exchange offers will expire on March 25.
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