Corteva Announces Private Exchange Offers and Consent Solicitations for EIDP's 2.300% Senior Notes Due 2030, 5.125% Senior Notes Due 2032 and 4.800% Senior Notes Due 2033

Corteva's subsidiary Vylor Inc. has launched private exchange offers to swap approximately $1.6 billion of outstanding EIDP notes for new Vylor notes, a move required to facilitate the planned separation of Corteva into two independent publicly traded companies. The offers include a consent solicitation to eliminate restrictive covenants and early tender incentives ranging from $2.50 to $5.00 per $1,000 principal, while late tenderers will receive a reduced principal amount of new notes ($970 per $1,000).

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