-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, L2wO8GwU5gQen8f7G0ertg8eK9BxNDXj8Oc7OK+pOgRsQ028QM7L5ng67RqzwFjB 5LkVtOBfHLk7J013ZrbeOg== 0001193125-10-052659.txt : 20100310 0001193125-10-052659.hdr.sgml : 20100310 20100310162659 ACCESSION NUMBER: 0001193125-10-052659 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100310 DATE AS OF CHANGE: 20100310 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CLIFFS NATURAL RESOURCES INC. CENTRAL INDEX KEY: 0000764065 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 341464672 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-165376 FILM NUMBER: 10670852 BUSINESS ADDRESS: STREET 1: 200 PUBLIC SQUARE STREET 2: STE. 3300 CITY: CLEVELAND STATE: OH ZIP: 44114-2315 BUSINESS PHONE: 216-694-5700 MAIL ADDRESS: STREET 1: 200 PUBLIC SQUARE STREET 2: STE. 3300 CITY: CLEVELAND STATE: OH ZIP: 44114-2315 FORMER COMPANY: FORMER CONFORMED NAME: CLEVELAND CLIFFS INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CLIFFS NATURAL RESOURCES INC. CENTRAL INDEX KEY: 0000764065 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 341464672 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 200 PUBLIC SQUARE STREET 2: STE. 3300 CITY: CLEVELAND STATE: OH ZIP: 44114-2315 BUSINESS PHONE: 216-694-5700 MAIL ADDRESS: STREET 1: 200 PUBLIC SQUARE STREET 2: STE. 3300 CITY: CLEVELAND STATE: OH ZIP: 44114-2315 FORMER COMPANY: FORMER CONFORMED NAME: CLEVELAND CLIFFS INC DATE OF NAME CHANGE: 19920703 FWP 1 dfwp.htm TERM SHEET TO PRELIMINARY PROSPECTUS SUPPLEMENT Term Sheet to Preliminary Prospectus Supplement

Final Term Sheet

Filed Pursuant to Rule 433

Registration No. 333-165376

March 10, 2010

CLIFFS NATURAL RESOURCES INC.

Pricing Term Sheet

$400,000,000 5.900% Notes due 2020

 

Issuer:    Cliffs Natural Resources Inc.
Size:    $400,000,000
Maturity:    March 15, 2020
Coupon (Interest Rate):    5.900%
Yield to Maturity:    5.977%
Spread to Benchmark Treasury:    T+225 bps
Benchmark Treasury:    3.625% due February 15, 2020
Benchmark Treasury Price and Yield:    99-05 / 3.727%
Interest Payment Dates:   

March 15 and September 15, commencing

September 15, 2010

Redemption Provision:    T+35 bps
Price to Public:    99.427%
Settlement Date:    T+5; March 17, 2010
CUSIP / ISIN    18683K AA9 / US18683KAA97
Ratings*:   

Baa3 (stable) by Moody’s Investors Service, Inc. /

BBB- (stable) by Standard & Poor’s Ratings

Services

Joint Book-Running Managers   

Banc of America Securities LLC

J.P. Morgan Securities Inc.

Co-Managers   

Fifth Third Securities, Inc

KeyBanc Capital Markets Inc.

PNC Capital Markets LLC

RBS Securities Inc.

*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the

prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Banc of America Securities LLC and J.P. Morgan Securities Inc. can arrange to send you the prospectus if you request it by calling Banc of America Securities LLC at 1-800-294-1322, or calling J.P. Morgan Securities Inc. collect at 1-212-834-4533.

 

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