Company: CF
Filing Date: 2025-11-21
Form Type: 424B2
Source: 0001104659-25-115010
Chunk: 22

Company: CF Industries Holdings, Inc.
Filing Date: 2025-11-21
Form: 424B2
Chunk 22
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 description, define your rights as a holder of the notes. This “Description of Notes” supplements the “Description of Securities — Description of Debt Securities and Related Guarantees” in the accompanying prospectus and, to the extent it is inconsistent, replaces such description in the accompanying prospectus. For purposes of this “Description of Notes,” references to (i) the “Issuer,” “we,” “our” and “us” refer only to CF Industries, Inc., excluding its subsidiaries, and (ii) 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 November 26, 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 $1,000,000,000 aggregate principal amount of 5.300% senior notes that will mature on November 26, 2035 (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:

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

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

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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;

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be structurally subordinated to any obligations of our subsidiaries; and

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be structurally subordinated to