CF Industries to let financing commitments expire at end of the year

By Sara Rosenberg

New York, Dec. 15 - CF Industries Holdings Inc. will not seek to extend the financing commitments for its proposed acquisition of Terra Industries Inc. past the Dec. 31 expiration deadline, according to a news release.

The company said that its ability to obtain financing for any transaction with Terra after that date will depend on the credit markets and other factors at that time.

CF Industries is a Deerfield, Ill.-based producer and distributor of nitrogen and phosphate fertilizer products.

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