CF Industries Holdings, Inc. (NYSE: CF) today announced that its wholly owned subsidiary CF Industries, Inc. has priced its previously announced offering of $1,250,000,000 aggregate principal amount of senior secured notes, comprising $500,000,000 aggregate principal amount of 3.400% senior secured notes due 2021 and $750,000,000 aggregate principal amount of 4.500% senior secured notes due 2026. The notes due 2021 will be issued at a price of 99.853% of their face value and the notes due 2026 will be issued at a price of 99.385% of their face value. The closing of the sale of the secured notes is expected to occur on or about November 21, 2016, subject to customary closing conditions. The secured notes will be guaranteed on a senior secured basis, jointly and severally, by CF Industries Holdings, Inc. and its domestic subsidiaries (other than the issuer of the secured notes) that are borrowers or that guarantee obligations under CF Industries' revolving credit facility. CF Industries intends to use the net proceeds from the offering of the secured notes, together with cash on hand and/or borrowings under its revolving credit facility, to prepay the $1.0 billion aggregate principal amount of its senior notes due 2022, 2025 and 2027 and to pay the related make-whole amount and related fees and expenses. The make-whole amount was estimated to be approximately $210 million based on market interest rates on October 31, 2016. The actual make-whole amount will be determined based on market interest rates on or about November 17, 2016. CF Industries intends to use for general corporate purposes any net proceeds from the offering of the secured notes in excess of the amount required for the senior notes prepayment, including the make-whole amount, and related fees and expenses. The secured notes due 2021 and 2026 will be sold to qualified institutional buyers in reliance on Rule 144A and outside the United States to non-U.S. persons in reliance on Regulation S. The notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.