Corteva's wholly-owned subsidiary, EIDP, Inc., announced the completion of previously disclosed private exchange offers and consent solicitations for three series of its outstanding senior notes. The offers, conducted by Vylor Inc., were settled on October 1, 2026, resulting in the exchange and cancellation of approximately $1.44 billion in aggregate principal of EIDP notes.
Key Details
- Transaction Completion: The private exchange offers and related consent solicitations were completed and settled on October 1, 2026.
- Notes Exchanged: A total of $1,438,637,000 in aggregate principal amount across three series of senior notes was accepted for exchange and subsequently retired.
- Remaining Outstanding Notes: Following the settlement, approximately $161.4 million in aggregate principal amount of the EIDP notes remains outstanding across the three series.
- Indenture Amendments: As a result of the successful consent solicitations, certain amendments to the indentures governing the EIDP notes became operative, modifying terms for the remaining noteholders.