CF Industries amends credit agreement to replace Eurocurrency Rate with Adjusted Term SOFR

CF Industries Holdings, Inc.

Amendment No. 2 dated May 12, 2023 changes the reference rate for USD borrowings from Eurocurrency Rate to Adjusted Term SOFR.
Adjusted Term SOFR includes a 0.10% credit spread adjustment; all other material terms and conditions unchanged.
Amendment amends the Fourth Amended and Restated Credit Agreement originally dated December 5, 2019.
Effective upon satisfaction of conditions; no notice of objection received from Required Lenders.
Existing Eurocurrency Loans continue at their current rate until the end of their Interest Period, then convert to Term Benchmark or ABR loans.

item 1.01 item 9.01

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. amended Credit Agreement Amendment with Citibank, N.A. (effective 2023-05-12).

Action: amendment
Agreement: credit facility
Counterparty: Citibank, N.A.
Effective: 2023-05-12

Exact text from the filing

On May 12, 2023, CF Industries, Inc. (“CFI”) entered into Amendment No. 2 to the Fourth Amended and Restated Credit Agreement, dated as of May 12, 2023 (the “Credit Agreement Amendment”), with Citibank, N.A. (“Citibank”) as administrative agent.

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CF Industries Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-061371

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