Press release from Business Wire
CF Industries Plans Senior Notes Offering
Monday, April 12, 2010
CF Industries Plans Senior Notes Offering16:00 EDT Monday, April 12, 2010 DEERFIELD, Ill. (Business Wire) -- CF Industries Holdings, Inc. (NYSE: CF) announced today that its subsidiary CF Industries, Inc. plans to undertake a public offering of senior notes in an aggregate principal amount of $1.6 billion pursuant to an automatic shelf registration statement to be filed this week with the Securities and Exchange Commission. CF Industries intends to use the net proceeds from the offering of senior notes to repay outstanding borrowings under its $1.75 billion senior secured bridge facility and, to the extent of any net proceeds in excess of the amount required to fully repay borrowings under the senior secured bridge facility, to repay outstanding borrowings under its $2.0 billion senior secured term loan facility, each of which facilities was used to fund cash requirements relating to CF Industries' acquisition of Terra Industries Inc. This press release shall not constitute an offer to sell, or a solicitation of an offer to purchase, the senior notes or any other securities of CF Industries and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful.