CF Industries (CF) Commences 10.8M Share Stock Offering

CF Industries Holdings, Inc. (NYSE: CF) announced today that it is commencing a public offering of 10,800,000 shares of common stock and has also granted the underwriters a 30-day option to purchase up to an additional 1,620,000 shares of common stock to cover over-allotments. CF Industries intends to use the net proceeds from this offering to repay outstanding borrowings under its $1.75 billion senior secured bridge facility, which was used to fund cash requirements relating to CF Industries’ acquisition of Terra Industries Inc.

Morgan Stanley & Co. Incorporated will act as sole book-running manager and Mitsubishi UFJ Securities (USA), Inc. will act as senior co-manager in the common stock offering.