---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-034151"
form_type: "8-K"
ticker: "CF"
cik: "0001324404"
company_name: "CF Industries Holdings, Inc."
filed_at: "2023-03-20T23:59:59+00:00"
generated_at: "2026-06-17T22:54:04.210688+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-034151
- form_type: 8-K
- ticker: CF
- cik: 0001324404
- company_name: CF Industries Holdings, Inc.
- filed_at: 2023-03-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1324404/000110465923034151/0001104659-23-034151-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1324404/000110465923034151/tm239985d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-034151
- JSON: https://secwatch.observer/filing/0001104659-23-034151.json
- Plain text: https://secwatch.observer/filing/0001104659-23-034151.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1324404/000110465923034151/0001104659-23-034151-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.