CF Industries Announces Receipt of Federal Tax Refunds Totaling Approximately $815 Million
June 19 2017 - 8:45AM
Business Wire
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170619005622/en/
CF Industries Holdings, Inc.MediaChris Close,
847-405-2542Director, Corporate
Communicationscclose@cfindustries.comorInvestorsMartin
Jarosick, 847-405-2045Vice President, Investor
Relationsmjarosick@cfindustries.com
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