Company: CF
Filing Date: 2025-11-19
Form Type: 424B2
Source: 0001104659-25-113972
Chunk: 21

Company: CF Industries Holdings, Inc.
Filing Date: 2025-11-19
Form: 424B2
Chunk 21
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 the “Parent Guarantor” and “CF Holdings” refer only to CF Industries Holdings, Inc., excluding its subsidiaries. Capitalized terms used in this section have the meaning set forth below in “— Certain Definitions.”

#### General
The notes will be issued under an indenture, dated as of November 6, 2025 (the “base indenture”) among the Issuer, the Parent Guarantor, as guarantor, and Wilmington Trust, National Association, as trustee (the “trustee”), as supplemented by a supplemental indenture, to be dated as of , 2025 (the “supplemental indenture” and the base indenture as so supplemented, the “indenture”), by and among us, the Parent Guarantor and the trustee. We will initially issue $ aggregate principal amount of % senior notes that will mature on , 20 (the “notes”).

The notes will be issued only in fully registered, book-entry form, in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. The principal of, and premium, if any, and interest on, the notes will be payable in U.S. dollars. The registered holder of a note will be treated as its owner for all purposes.

The notes will be fully and unconditionally guaranteed by the Parent on a senior unsecured basis. See “— Guarantee” below.

#### Ranking
The notes will be our senior unsecured obligations and will:

•

rank senior in right of payment to all of our existing and future subordinated indebtedness;

•

rank equally in right of payment with all of our existing and future unsecured unsubordinated indebtedness;

•

be effectively subordinated to all of our existing and future secured indebtedness and obligations to the extent of the value of the assets securing such indebtedness and obligations;

•

be structurally subordinated to any obligations of our subsidiaries; and

•

be structurally subordinated to any obligations of the Parent Guarantor’s subsidiaries (other than the Issuer).

The Parent Guarantor had no secured indebtedness outstanding on a consolidated basis as of September 30, 2025. As of September 30, 2025, subsidiaries of the Parent Guarantor other than the Issuer accounted for all of the consolidated net sales of the Parent Guarantor and held a majority of the consolidated total assets of the Parent Guarantor.

#### Guarantee
The payment of the principal, premium, if any, and interest on the notes will be fully and unconditionally guaranteed (the “guar