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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Bank of America Arranges Cleveland-Cliffs Asset-Based Facility Amendment
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Lenders/Participants
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Bank of America [Lead Arranger]
PNC Bank [Participant]
Goldman Sachs [Participant]
Credit Suisse Bank [Participant]
Deutsche Bank [Participant]
Citizens Bank [Participant]
Regions Bank [Participant]
Huntington Bank [Participant]
Jefferies Finance [Participant]
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Structure
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ABL Facility Reduction, Amendment
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Amount
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$450.000
Million
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Borrower(s)
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Cleveland-Cliffs Inc.
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Description
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The overall size of the credit facility was reduced from $550 million to $450 million. Borrowing costs and unused commitment fees were also reduced in the Amended ABL Facility. The Amended ABL Facility terms are effective Feb. 28, 2018 with an extended maturity date of Feb. 28, 2023 or 60 days prior to the maturity of the other existing senior notes.Transaction details not disclosed.
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Industry
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Mining
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Location
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OH
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| Related Tags |
Bank of America, Citizens Bank, Credit Suisse, Deutsche Bank, Goldman Sachs, Huntington Bank, Jefferies, PNC Bank, Regions Bank
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ABL Advisor
Deal Tables
2025
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