DEERFIELD, Ill. -- CF Industries Holdings Inc. announced yesterday that it has successfully priced a public offering of 11,235,956 shares of its common stock at a public offering price of $89 per share. CF Industries has also granted the underwriters a 30-day option to purchase up to an additional 1,685,394 shares of common stock on the same terms and conditions to cover over-allotments.

CF Industries intends to use the net proceeds from this offering to repay outstanding borrowings under its $1.75 billion senior secured bridge facility, which was used to fund cash requirements relating to CF Industries' acquisition of Terra Industries Inc. The common stock offering is expected to close on April 21, 2010, subject to customary closing conditions.

Morgan Stanley & Co. Inc. is the sole book-running manager and Mitsubishi UFJ Securities (USA), Inc. is the senior co-manager in the common stock offering.

SOURCE: CF Industries.