Davis Polk advised Morgan Stanley & Co. LLC and Goldman, Sachs & Co. as joint book-running managers on an SEC-registered offering of $750 million aggregate principal amount of 5.150% senior notes due 2034 and $750 million aggregate principal amount of 5.375% senior notes due 2044 of CF Industries, Inc. The notes are fully and unconditionally guaranteed by CF Industries Holdings, Inc., the parent company of CF Industries, Inc.  

CF Industries, based in Deerfield, Illinois, is one of the largest manufacturers and distributors of nitrogen and phosphate fertilizer products in the world. Its operations are organized into two business segments, the nitrogen segment and the phosphate segment. Its principal customers are cooperatives and independent fertilizer distributors.  

The Davis Polk capital markets team included partner Richard D. Truesdell, Jr. and associates Kavita Paw and David He. Partner Neil Barr and associate Aaron M. Weil provided tax advice. Counsel Loyti Cheng and associate Michael Comstock provided environmental advice. All members of the Davis Polk team are based in the New York office.