CTVA · News · 20260806N

Outstanding Indebtedness

Corteva, Inc. · 2026-08-06 · Importance 58 · Surprise 42 · No source text

Vylor commenced private exchange offers for all eligible outstanding EIDP senior notes in three series due 2030, 2032, and 2033. The notes have an aggregate principal amount of approximately $1.6 billion and would be exchanged for corresponding Vylor notes on a par-for-par basis for early tenders. Eligible noteholders tendering by August 19, 2026, may receive $2.50 to $5.00 in cash per $1,000 principal amount, while later tenders receive a slightly reduced principal amount of Vylor notes.

Key facts

• The outstanding senior notes of EIDP total $1.6 billion in preparation for the separation of its seed business into Vylor. source
• Eligible noteholders who tender their EIDP notes by August 19, 2026 will receive Vylor notes on a par-for-par basis plus a cash consideration ranging from $2.50 to $5.00 per $1,000. source
• Vylor has commenced private offers to exchange the outstanding EIDP, Inc. senior notes for newly issued Vylor notes. source
• The exchange and accompanying consent solicitations are conditional upon the completion of the Vylor separation, expected around October 1, 2026. source
• The Exchange Offers cover EIDP's 2.300% Senior Notes due 2030, 5.125% Senior Notes due 2032 and 4.800% Senior Notes due 2033. source
• Later tenders will receive a slightly reduced principal amount of Vylor notes without cash. source
• The consent solicitations accompanying the Exchange Offers aim to remove restrictive covenants from EIDP indentures. source

Impact estimates