CF Industries Announces Receipt of Federal Tax Refunds Totaling Approximately $815 Million
CF Industries Holdings, Inc. (NYSE: CF) today announced that it has received federal tax refunds of approximately $815 million
due to the carryback of certain federal tax losses from the 2016 tax year to prior periods. These tax losses are primarily related
to accelerated tax depreciation of the company’s capacity expansion projects that were placed in service in 2016.
The receipt of the federal tax refunds was earlier than CF’s previously stated expectations for the third quarter of 2017. The
company intends to use the proceeds to fund the payment of $800 million in debt coming due in 2018.
About CF Industries Holdings, Inc.
CF Industries Holdings, Inc., headquartered in Deerfield, Illinois, through its subsidiaries is a global leader in the
manufacturing and distribution of nitrogen products, serving both agricultural and industrial customers. CF Industries operates
world-class nitrogen manufacturing complexes in Canada, the United Kingdom and the United States, 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 a 50 percent interest in an ammonia facility in The Republic of Trinidad and Tobago. CF Industries
routinely posts investor announcements and additional information on the company’s website at www.cfindustries.com and encourages those interested in the company to check there frequently.
CF Industries Holdings, Inc.
Media
Chris Close, 847-405-2542
Director, Corporate Communications
cclose@cfindustries.com
or
Investors
Martin Jarosick, 847-405-2045
Vice President, Investor Relations
mjarosick@cfindustries.com
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