CF Industries revolver draw will help fund $580 million acquisition

By Angela McDaniels

Tacoma, Wash., July 1 – CF Industries Holdings, Inc. plans to draw on its revolving credit facility to help fund an acquisition, according to an 8-K filing with the Securities and Exchange Commission.

The company agreed to acquire Yara International ASA’s 50% equity interest in GrowHow UK Ltd. for total cash consideration of $580 million, making GrowHow a wholly owned subsidiary. GrowHow owns and operates nitrogen production facilities.

The acquisition will also be funded with cash.

CF Industries is based in Deerfield, Ill., and makes nitrogen products.

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