CTVA · 8-K · 20261001PR000028
Outstanding Indebtedness
Corteva, Inc. · 2026-10-01 · Importance 68 · Surprise 58 · No source text
Short-term borrowings totaled $782 million at December 31, 2025, including $782 million of long-term debt due within one year; the comparable total in 2024 was $735 million. Total long-term debt was $1.686 billion, down from $1.953 billion in 2024, while the weighted-average rate on short-term borrowings rose to 6.41% from 2.79%. In September 2026, New Corteva issued $700 million of 6.000% senior notes due August 2036, with proceeds intended for general corporate purposes, including repayment of commercial paper borrowings. The fair value of short- and long-term borrowings, including interest rate instruments, was $2.462 billion at December 31, 2025.
Key facts
- In August 2026, Corteva entered into a $1 billion delayed draw term facility with a maturity approximately one year after closing, intended as a backstop to the New Corteva Senior Notes. source
- In August 2026, Corteva refinanced its five-year revolving credit facility at $2.85 billion, extending maturity to August 2031 and decreasing the facility amount to $2.0 billion upon consummation of the Separation on October 1, 2026. source
- In September 2026, Corteva issued $700 million of 6.000% Senior Notes due August 2036; proceeds are intended for general corporate purposes, including repayment of commercial paper borrowings. source
- Corteva drew $600 million under the 364-Day Revolving Credit Facility in May 2026 to repay $600 million of senior notes maturing that month; on October 1, 2026, outstanding borrowings were repaid and the facility was terminated. source
- Corteva’s Crop Protection business reported long-term debt of $1,686 million at December 31, 2025, compared with $1,953 million at December 31, 2024. source
- Corteva had $600 million of notes maturing in May 2026 and $500 million of notes maturing in July 2030; no debt matures in 2027, 2028, or 2029. source
- Corteva’s Crop Protection business reported short-term borrowings of $782 million at December 31, 2025, compared with $735 million at December 31, 2024. source
- Corteva’s Crop Protection business received $1,618 million in debt proceeds and paid $1,857 million on debt in 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | committed | -0.6% | In September 2026, Corteva issued $700 million of 6.000% Senior Notes due August 2036; proceeds are intended for general corporate… |
| liability | negative | realized | — | In September 2026, Corteva issued $700 million of 6.000% Senior Notes due August 2036; proceeds are intended for general corporate… |
| cash | positive | realized | — | In September 2026, Corteva issued $700 million of 6.000% Senior Notes due August 2036; proceeds are intended for general corporate… |
| liability | negative | realized | — | Corteva drew $600 million under the 364-Day Revolving Credit Facility in May 2026 to repay $600 million of senior notes maturing that… |
| cash | positive | realized | — | Corteva drew $600 million under the 364-Day Revolving Credit Facility in May 2026 to repay $600 million of senior notes maturing that… |
| liability | positive | realized | — | Corteva drew $600 million under the 364-Day Revolving Credit Facility in May 2026 to repay $600 million of senior notes maturing that… |
| cash | negative | realized | — | Corteva drew $600 million under the 364-Day Revolving Credit Facility in May 2026 to repay $600 million of senior notes maturing that… |
| liability | positive | realized | — | Corteva’s Crop Protection business reported long-term debt of $1,686 million at December 31, 2025, compared with $1,953 million at… |
| liability | negative | realized | — | Corteva’s Crop Protection business reported short-term borrowings of $782 million at December 31, 2025, compared with $735 million at… |
| cash | positive | realized | — | Corteva’s Crop Protection business received $1,618 million in debt proceeds and paid $1,857 million on debt in 2025. |
| liability | negative | realized | — | Corteva’s Crop Protection business received $1,618 million in debt proceeds and paid $1,857 million on debt in 2025. |
| cash | negative | realized | — | Corteva’s Crop Protection business received $1,618 million in debt proceeds and paid $1,857 million on debt in 2025. |