CTVA · 8-K · 20260924PR401156
Senior Notes Issuance
Corteva, Inc. · 2026-09-24 · Importance 56 · Surprise 24 · No source text
EIDP, Inc. issued and sold $700 million aggregate principal amount of 6.000% senior notes due 2036. The notes are issued under the company’s indenture dated May 15, 2020, as supplemented. The agreement provides for registration and exchange rights for the notes, with additional interest of 0.25% per annum on affected notes if specified registration defaults occur.
Key facts
- Corteva subsidiary EIDP, Inc. was issuing and selling $700,000,000 aggregate principal amount of new 6.000% Senior Notes due 2036. source
- If a Registration Default occurs, the interest rate on the affected EIDP Notes increases by 0.25% per annum beginning the following day. source
- The EIDP Notes are issued by EIDP, Inc. under an indenture dated May 15, 2020, as supplemented by one or more supplemental indentures. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | committed | — | Corteva subsidiary EIDP, Inc. was issuing and selling $700,000,000 aggregate principal amount of new 6.000% Senior Notes due 2036. |
| cash | positive | committed | — | Corteva subsidiary EIDP, Inc. was issuing and selling $700,000,000 aggregate principal amount of new 6.000% Senior Notes due 2036. |
| cash | negative | committed | — | Corteva subsidiary EIDP, Inc. was issuing and selling $700,000,000 aggregate principal amount of new 6.000% Senior Notes due 2036. |