CF Industries expands its revolving credit facility from US$500M to US$1B, extends term by one year to 2018
Mathew Kearney
DEERFIELD, Illinois
,
April 22, 2013
(press release)
–
CF Industries Holdings, Inc. (NYSE:CF) today announced that the company has increased the size of its revolving credit facility from $500 million to $1.0 billion and extended its term by one year to 2018, and is filing an automatically-effective shelf registration statement with the Securities and Exchange Commission to facilitate the company’s access to the capital markets. These actions increase the company’s financial flexibility in support of the strategic initiatives announced in 2012. Additionally, the company provided an update on its share repurchase activity, indicating that for the year to date it has repurchased approximately 3.8 million shares for $750 million, an average per share price of $196.88.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.
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. 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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