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Cleveland-Cliffs issues $325 million of Notes in private placement

June 2008

Client(s) Cleveland-Cliffs Inc

Jones Day advised Cleveland-Cliffs Inc in connection with the $325 million of 6.31% Five-Year Senior Notes due 2013 and 6.59% Seven-Year Senior Notes due 2015 in a Section 4(2) private placement, placement agent Bank of America.

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