On March 15, 2026, CF Industries Sales, LLC and CF Industries Nitrogen LLC, both subsidiaries of CF Industries Holdings, Inc. (collectively, the "Company") signed an agreement to settle litigation with Orica International Pte Ltd and certain other affiliates of Orica Ltd. ("Orica") and Nelson Brothers, Inc. and Nelson Brothers LLC ("Nelson Brothers").

 

In connection with the resolution of the litigation pursuant to the settlement, Orica has agreed to pay the Company $169.5 million in cash. In addition, the settlement provides for the termination of the ammonium nitrate purchase agreements entered into in February 2014 between the parties.