DEERFIELD, Ill.--(BUSINESS WIRE)--
CF Industries Holdings, Inc. (NYSE: CF) today announced that it has
received federal tax refunds of approximately $815 million due to the
carryback of certain federal tax losses from the 2016 tax year to prior
periods. These tax losses are primarily related to accelerated tax
depreciation of the company’s capacity expansion projects that were
placed in service in 2016.
The receipt of the federal tax refunds was earlier than CF’s previously
stated expectations for the third quarter of 2017. The company intends
to use the proceeds to fund the payment of $800 million in debt coming
due in 2018.
About CF Industries Holdings, Inc.
CF Industries Holdings, Inc., headquartered in Deerfield, Illinois,
through its subsidiaries is a global leader in the manufacturing and
distribution of nitrogen products, serving both agricultural and
industrial customers. CF Industries operates world-class nitrogen
manufacturing complexes in Canada, the United Kingdom and the United
States, and distributes plant nutrients through a system of terminals,
warehouses, and associated transportation equipment located primarily in
the Midwestern United States. The company also owns a 50 percent
interest in an ammonia facility in The Republic of Trinidad and Tobago.
CF Industries routinely posts investor announcements and additional
information on the company’s website at www.cfindustries.com and
encourages those interested in the company to check there frequently.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170619005622/en/
CF Industries Holdings, Inc.
Media
Chris Close,
847-405-2542
Director, Corporate Communications
cclose@cfindustries.com
or
Investors
Martin
Jarosick, 847-405-2045
Vice President, Investor Relations
mjarosick@cfindustries.com
Source: CF Industries, Inc.