CF Industries Holdings, Inc. (NYSE:CF) announced today that its
subsidiary CF Industries, Inc. has priced a $1.5 billion public offering
of senior notes, comprising $750 million aggregate principal amount of
5.150% senior notes due 2034 and $750 million aggregate principal amount
of 5.375% senior notes due 2044. The senior notes will be guaranteed by
CF Industries Holdings, Inc.
CF Industries intends to use the net proceeds from the offering of
senior notes to fund its capital expenditure programs and stock
repurchases and for other general corporate purposes, including working
capital. The senior notes offering is expected to close on March 11,
2014, subject to customary closing conditions.
Morgan Stanley & Co. LLC and Goldman, Sachs & Co. are acting as joint
book-running managers for the senior notes offering. BMO Capital Markets
Corp., U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC
are acting as senior co-managers and CIBC World Markets Corp. and RBC
Capital Markets, LLC are acting as co-managers for the senior notes
offering.
The offering is being made pursuant to an effective shelf registration
statement previously filed by CF Industries, Inc. and CF Industries
Holdings, Inc. with the Securities and Exchange Commission (the “SEC”)
and only by means of a prospectus supplement and accompanying
prospectus, copies of which may be obtained for free on the SEC’s
website at http://www.sec.gov
or from Morgan Stanley & Co. LLC at Attention: Prospectus Department,
180 Varick Street, 2nd Floor, New York, NY 10014 or by calling
1-866-718-1649 or emailing prospectus@morganstanley.com;
and Goldman, Sachs & Co. at Attention: Prospectus Department, 200 West
Street, New York, New York 10282 or by calling 1-866-471-2526 or by
emailing prospectus-ny@ny.email.gs.com.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any securities, nor does it constitute
an offer, solicitation or sale in any jurisdiction in which such offer,
solicitation or sale is unlawful.
About CF Industries Holdings, Inc.
CF Industries Holdings, Inc., headquartered in Deerfield, Illinois,
through its subsidiaries is a global leader in manufacturing and
distribution of nitrogen and phosphate products, serving both
agricultural and industrial customers. CF Industries operates
world-class nitrogen manufacturing complexes in the central United
States and Canada; conducts phosphate mining and manufacturing
operations in central Florida; and distributes plant nutrients through a
system of terminals, warehouses, and associated transportation equipment
located primarily in the midwestern United States. The company also owns
50 percent interests in GrowHow UK Limited, a plant nutrient
manufacturer in the United Kingdom; an ammonia facility in The Republic
of Trinidad and Tobago; and KEYTRADE AG, a global plant nutrient trading
organization headquartered near Zurich, Switzerland.
Copyright Business Wire 2014