Company: CF
Filing Date: 2025-11-19
Form Type: 424B2
Source: 0001104659-25-113972
Chunk: 22

Company: CF Industries Holdings, Inc.
Filing Date: 2025-11-19
Form: 424B2
Chunk 22
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antee”) by the Parent Guarantor. The Parent Guarantor’s guarantee will be a senior unsecured obligation of the Parent Guarantor and will:

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rank senior in right of payment to all of the Parent Guarantor’s existing and future subordinated indebtedness;

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rank equally in right of payment with all of the Parent Guarantor’s existing and future unsecured unsubordinated indebtedness;

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be effectively subordinated to all of the Parent Guarantor’s existing and future secured indebtedness and obligations to the extent of the value of the assets securing such indebtedness and obligations; and

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be structurally subordinated to any obligations of the Parent Guarantor’s subsidiaries (other than, by virtue of our obligations as issuer of the notes, the Issuer).

The Parent Guarantor is a holding company with no independent operations and is dependent on distributions of funds from the Issuer for cash. Accordingly, if the Issuer fails to make a payment on the notes when due, the Parent Guarantor may not have funds to pay that amount pursuant to its guarantee. See “Risk Factors — The notes will be structurally subordinated to all of the obligations of the Issuer’s subsidiaries. Our ability to service our debt is dependent on the performance of our subsidiaries.”

Except as described under “— Certain Covenants” and “— Merger, Consolidation or Sale of Assets,” and restrictions in other instruments governing our other outstanding indebtedness, including the Credit Agreement (as defined herein) and the indentures governing our outstanding debt securities, we may incur substantial additional indebtedness (including secured indebtedness) in the future. For additional information, see “Risk Factors — We may incur substantial additional indebtedness, which could increase the risks associated with the notes,” “Risk Factors — The notes and the related guarantee will be unsecured and therefore will effectively be subordinated to any secured debt that the Issuer and the Parent may incur in the future” and “Risk Factors — The guarantee of the notes may be released automatically.”

#### Principal, Maturity and Interest
Interest on the notes will accrue at a rate of % per year from and including , 2025 or the most recent interest payment date to which interest has been paid or provided for and will be payable semi-annually in arrears on and of each year, beginning , 2026, to the persons in whose names the notes are registered at the close of business on and , as the case may be (