CF Industries agrees to buy Waggaman ammonia plant from Incitec Pivot for $1.675B

CF Industries Holdings, Inc.

Purchase price $1.675B; $425M allocated to long-term offtake agreement for up to 200k tons/yr.
CF expects to fund remaining $1.25B with cash on hand.
Plant has 880,000 ton nameplate capacity; estimated gross margin per ton in line with existing ammonia segment.
Transaction approved by both boards; subject to HSR and other conditions; termination fee of $75M if regulatory approvals not obtained by March 20, 2025.
CF plans to add CCS at site for low-carbon ammonia production, potentially earning 45Q tax credits.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CF Industries Holdings, Inc. entered into Asset Purchase Agreement with Dyno Nobel Louisiana Ammonia, LLC and Incitec Pivot Limited valued at $1.675 billion (effective 2023-03-20).

Action: entry
Agreement: asset purchase
Counterparty: Dyno Nobel Louisiana Ammonia, LLC and Incitec Pivot Limited
Value: $1.675 billion
Effective: 2023-03-20

Exact text from the filing

On March 20, 2023, CF Industries Holdings, Inc. (the “Company”) and CF Industries East Point, LLC (“Purchaser”), an indirect wholly owned subsidiary of the Company, entered into an Asset Purchase Agreement (the “Agreement”) with Dyno Nobel Louisiana Ammonia, LLC (“Seller”) and Incitec Pivot Limited (“IPL”). Under the terms of the Agreement, Purchaser will purchase Seller’s ammonia production complex located in Waggaman, Louisiana for a purchase price of $1.675 billion, subject to adjustment.

View on SEC.gov

Browse all material agreements →

CF Industries Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-034151

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.