Cases & Deals

Cliffs Natural Resources issues $700 million of 4.875% Senior Notes and additional $300 million aggregate principal amount of their outstanding 6.25% Senior Notes in public offering

Clients Cliffs Natural Resources Inc.

Jones Day advised Cliffs Natural Resources Inc., an international mining company, in connection with its issuance of $700 million aggregate principal amount of 4.875% Senior Notes due 2021 and an additional $300 million aggregate principal amount of their outstanding 6.25% Senior Notes due 2040 in a public offering, underwritten by Merrill Lynch, Pierce, Fenner & Smith, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Fifth Third Securities, Inc., KeyBanc Capital Markets Inc., PNC Capital Markets LLC, RBS Securities Inc., Scotia Capital (USA) Inc., and U.S. Bancorp Investments, Inc.

Use of the net proceeds will go towards funding the potential business combination involving Consolidated Thompson Iron Ore Mines Limited.