---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-111818"
form_type: "8-K"
ticker: "CF"
cik: "0001324404"
company_name: "CF Industries Holdings, Inc."
filed_at: "2023-10-27T23:59:59+00:00"
generated_at: "2026-06-09T06:49:48.550885+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# CF Industries enters $750M revolver due 2028, replacing prior facility

## Summary
- New $750M senior unsecured revolving credit facility matures Oct 26, 2028, with $125M letter of credit sublimit.
- Replaces prior $750M revolver scheduled to mature Dec 5, 2024; no early termination penalties incurred.
- Covenant requires total net leverage ratio ≤ 3.75:1.00; steps up to 4.25:1.00 for four quarters after material acquisitions.
- Interest rate spreads range from 1.00% (Term Benchmark) to 1.50% based on credit ratings; commitment fee 0.09%-0.20%.

## SEC filing metadata
- accession: 0001104659-23-111818
- form_type: 8-K
- ticker: CF
- cik: 0001324404
- company_name: CF Industries Holdings, Inc.
- filed_at: 2023-10-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1324404/000110465923111818/0001104659-23-111818-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1324404/000110465923111818/tm2329195d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-111818
- JSON: https://secwatch.observer/filing/0001104659-23-111818.json
- Plain text: https://secwatch.observer/filing/0001104659-23-111818.txt

## Key facts
- Debt Financings
  CF Industries Holdings, Inc. incurred revolving credit of $750,000,000 with Citibank, N.A. at term secured overnight financing rate, plus a credit spread adjustment of 0.10% maturing October 26, 2028.
  - Instrument: revolving credit
  - Principal: $750,000,000
  - Counterparty: Citibank, N.A.
  - Rate: term secured overnight financing rate, plus a credit spread adjustment of 0.10%
  - Maturity: October 26, 2028
  - Event: incurrence
  source text: On October 26, 2023 (the “Closing Date”), CF Industries Holdings, Inc. (the “Company”), as a guarantor, and its wholly-owned subsidiary CF Industries, Inc. (“CF Industries”), as lead borrower, entered into a $750,000,000 senior unsecured Revolving Credit Agreement (the “Credit Agreement”) with the lenders from time to time party thereto, Citibank, N.A. (“Citibank”), as administrative agent (in such capacity, the “Administrative Agent”), and the issuing banks party thereto, which replaced the Company’s Fourth Amended and Restated Revolving Credit Agreement, dated as of December 5, 2019 (as amended as of January 27, 2022 and May 12, 2023, the “Prior Credit Agreement”), that was scheduled to mature December 5, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1324404/000110465923111818/0001104659-23-111818-index.htm
- Material Agreements
  CF Industries Holdings, Inc. terminated Fourth Amended and Restated Revolving Credit Agreement with the Company, CF Industries, Citibank, as administrative agent, the issuing banks party thereto and the lenders party thereto (effective 2023-10-26).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: the Company, CF Industries, Citibank, as administrative agent, the issuing banks party thereto and the lenders party thereto
  - Effective: 2023-10-26
  source text: the Company terminated the Prior Credit Agreement, the parties to which comprised the Company, CF Industries, Citibank, as administrative agent, the issuing banks party thereto and the lenders party thereto
  evidence_url: https://www.sec.gov/Archives/edgar/data/1324404/000110465923111818/0001104659-23-111818-index.htm
- Material Agreements
  CF Industries Holdings, Inc. entered into Credit Agreement with the lenders from time to time party thereto, Citibank, N.A., as administrative agent, and the issuing banks party thereto valued at $750,000,000 (effective 2023-10-26).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: the lenders from time to time party thereto, Citibank, N.A., as administrative agent, and the issuing banks party thereto
  - Value: $750,000,000
  - Effective: 2023-10-26
  source text: entered into a $750,000,000 senior unsecured Revolving Credit Agreement (the "Credit Agreement") with the lenders from time to time party thereto, Citibank, N.A. ("Citibank"), as administrative agent (in such capacity, the "Administrative Agent"), and the issuing banks party thereto
  evidence_url: https://www.sec.gov/Archives/edgar/data/1324404/000110465923111818/0001104659-23-111818-index.htm

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