CF Industries amends revolving facility to lift size to $1.5 billion

By Jennifer Chiou

New York, March 20 – CF Industries Holdings, Inc. subsidiary CF Industries, Inc. amended its senior unsecured revolving credit facility, augmenting the capacity to $1.5 billion from $1 billion, according to an 8-K filing with the Securities and Exchange Commission.

In addition, the new maturity date is March 20, 2020, extended from May 1, 2018.

Borrowings still bear interest at Libor plus 112.5 basis points to 200 bps. The undrawn commitment fee is now 12.5 bps to 30 bps, down from 15 bps to 35 bps. Both depend on the company’s credit ratings.

Morgan Stanley Senior Funding, Inc. is the administrative agent. Morgan Stanley Bank, NA and Bank of Tokyo-Mitsubishi UFJ, Ltd. are the issuing banks.

Deerfield, Ill.-based CF manufactures and distributes nitrogen and phosphate products to agricultural and industrial customers.

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