Kirkland Advises CF Industries on Closing $1 Billion Senior Notes Offering

Kirkland & Ellis advised CF Industries on its $1 billion registered offering of senior notes, its first notes offering since 2016. The notes were issued by CF Industries’ wholly owned subsidiary, CF Industries, Inc., and are fully and unconditionally guaranteed by CF Industries. The notes offering closed on November 26, 2025, and its proceeds are expected to be used to redeem CF Industries’ existing notes maturing in 2026. The offering is part of CF Industries’ opportunistic refinancing strategy, with Kirkland recently advising CF Industries on the amendment and restatement of its credit agreement in September 2025.

The Kirkland team included capital markets lawyers Sophia Hudson, Sharon Freiman, James Abate, Jihao Ding and Basit Bangash; debt finance lawyers Tatiana Monastyrskaya, Sam Saunders and Andre Teixeira; tax lawyers Mark Dundon and Christina King; environmental transactions lawyers Michael Saretsky, James Dolphin and Courtney Tibbetts; and investment funds regulatory lawyer Phil Giglio.