Bank of America Amends and Extends Cleveland-Cliffs’ ABL Facility
Cleveland-Cliffs amended and extended its asset-based lending credit facility. The amendment extends the maturity date of the facility to June 9, 2028, and transitions the benchmark interest rate from LIBOR to SOFR. BofA Securities served as lead arranger for the ABL facility.
June 12, 2023
Barclays | BMO | Capital One | Cleveland-Cliffs | Credit Suisse | Fifth Third | First Citizens | Goldman Sachs | Huntington | ING | J.P. Morgan | MUFG | New York Community Bank | PNC | RBC | Regions | Truist | U.S. Bank | wells fargo
Ian Koplin