Company: CF
Filing Date: 2025-11-19
Form Type: 424B2
Source: 0001104659-25-113972
Chunk: 18

Company: CF Industries Holdings, Inc.
Filing Date: 2025-11-19
Form: 424B2
Chunk 18
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 likelihood of timely payment of interest when due and the payment of principal on the maturity date. Any downgrade or withdrawal of a rating by a rating agency that rates the notes could have an adverse effect on the trading price or liquidity of the notes.

An increase in interest rates could result in a decrease in the market value of the notes.

In general, as prevailing market interest rates rise, notes bearing interest at a fixed rate generally decline in value. Consequently, if you purchase the notes and interest rates increase, the market value of the notes may decline. We cannot predict the future level of interest rates.

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The guarantee of the notes may be released automatically.**

The guarantee of the notes may be automatically released under various circumstances described under “Description of Notes — Guarantees.” Such release may occur at any time in the following circumstances:

•

upon the sale or other disposition (including by way of consolidation, merger, dissolution or otherwise) of the capital stock of the Parent in a transaction not prohibited by the indenture governing the notes, such that it is no longer a subsidiary of the Issuer;

•

upon the sale or other disposition of all or substantially all of the assets of the Parent in a transaction not prohibited by the indenture governing the notes; or

•

if the Issuer exercises its legal defeasance option or its covenant defeasance option or upon the satisfaction and discharge of the notes, as described in “Description of Notes.”

**Certain changes in tax law may have adverse tax consequences to certain holders of the notes.**

On July 4, 2025, the U.S. enacted legislation referred to as the One Big Beautiful Bill Act, which may affect the U.S. federal income tax considerations applicable to certain investors of the notes. The likelihood of other similar legislation being enacted is uncertain, and the provisions of such bill or other similar legislation may change prior to enactment. Prospective investors in the notes should consult their legal advisors regarding such enactment or proposed legislation and the potential effects of such legislation to them of investing in the notes.

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### USE OF PROCEEDS
We estimate that the net proceeds from this offering will be approximately $ , after deducting the underwriting discount and the other estimated offering expenses payable by us. We intend to use the net proceeds from this offering for general corporate purposes, which may include, among other things, the redemption, repurchase or repayment of