CF Industries Holdings, Inc. To Redeem Senior Notes Due May 2018
October 30 2017 - 4:20PM
Business Wire
CF Industries Holdings, Inc. (NYSE: CF) today announced that its
wholly owned subsidiary CF Industries, Inc. has elected to redeem
in full the entire outstanding $800 million principal amount of its
6.875 percent Senior Notes (the “Notes”) due May 2018, in
accordance with the optional redemption provisions provided in the
indenture governing the Notes. The Notes will be redeemed on
December 1, 2017. CF intends to use cash on hand to fund the
redemption.
This press release does not constitute a notice of redemption.
Beneficial holders of the Notes with any questions should contact
the brokerage firm or financial institution through which they hold
the Notes.
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.
Safe Harbor Statement
All statements in this communication by CF Industries Holdings,
Inc. (together with its subsidiaries, the “Company”), other than
those relating to historical facts, are forward-looking statements.
Forward-looking statements can generally be identified by their use
of terms such as “anticipate,” “believe,” “could,” “estimate,”
“expect,” “intend,” “may,” “plan,” “predict,” “project,” “will” or
“would” and similar terms and phrases, including references to
assumptions. Forward-looking statements are not guarantees of
future performance and are subject to a number of assumptions,
risks and uncertainties, many of which are beyond the Company’s
control, which could cause actual results to differ materially from
such statements. These statements may include, but are not limited
to, statements about strategic plans and statements about future
financial and operating results.
Important factors that could cause actual results to differ
materially from those in the forward-looking statements include,
among others, the cyclical nature of the Company’s business and the
agricultural sector; the global commodity nature of the Company’s
fertilizer products, the impact of global supply and demand on the
Company’s selling prices, and the intense global competition from
other fertilizer producers; conditions in the U.S. and European
agricultural industry; the volatility of natural gas prices in
North America and Europe; difficulties in securing the supply and
delivery of raw materials, increases in their costs or delays or
interruptions in their delivery; reliance on third party providers
of transportation services and equipment; the significant risks and
hazards involved in producing and handling the Company’s products
against which the Company may not be fully insured; the Company’s
ability to manage its indebtedness; operating and financial
restrictions imposed on the Company by the agreements governing the
Company's senior secured indebtedness; risks associated with the
Company’s incurrence of additional indebtedness; the Company's
ability to maintain compliance with covenants under the agreements
governing its indebtedness; downgrades of the Company’s credit
ratings; risks associated with cyber security; weather conditions;
risks associated with the Company’s ability to utilize its tax net
operating losses and other tax assets, including the risk that the
use of such tax benefits is limited by an “ownership change” (as
defined under the Internal Revenue Code and related Internal
Revenue Service pronouncements); risks associated with changes in
tax laws and disagreements with taxing authorities; risks
associated with expansions of the Company’s business, including
unanticipated adverse consequences and the significant resources
that could be required; potential liabilities and expenditures
related to environmental, health and safety laws and regulations
and permitting requirements; future regulatory restrictions and
requirements related to greenhouse gas emissions; the seasonality
of the fertilizer business; the impact of changing market
conditions on the Company’s forward sales programs; risks involving
derivatives and the effectiveness of the Company’s risk measurement
and hedging activities; the Company’s reliance on a limited number
of key facilities; risks associated with the operation or
management of the strategic venture with CHS Inc. (the "CHS
Strategic Venture"), risks and uncertainties relating to the market
prices of the fertilizer products that are the subject of the
supply agreement with CHS Inc. over the life of the supply
agreement, and the risk that any challenges related to the CHS
Strategic Venture will harm the Company's other business
relationships; risks associated with the Company’s Point Lisas
Nitrogen Limited joint venture; acts of terrorism and regulations
to combat terrorism; risks associated with international
operations; and deterioration of global market and economic
conditions.
More detailed information about factors that may affect the
Company’s performance and could cause actual results to differ
materially from those in any forward-looking statements may be
found in CF Industries Holdings, Inc.’s filings with the Securities
and Exchange Commission, including CF Industries Holdings, Inc.’s
most recent annual and quarterly reports on Form 10-K and Form
10-Q, which are available in the Investor Relations section of the
Company’s web site. Forward-looking statements are given only as of
the date of this communication and the Company disclaims any
obligation to update or revise the forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
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version on businesswire.com: http://www.businesswire.com/news/home/20171030006229/en/
CF Industries Holdings, Inc.MediaChris CloseDirector,
Corporate Communications847-405-2542 –
cclose@cfindustries.comorInvestorsMartin JarosickVice
President, Investor Relations847-405-2045 –
mjarosick@cfindustries.com
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