Form 8-K · Current report
Corteva 8-K, filed Aug 31, 2026
- Filed
- CIK
- 0001755672
- Accession no.
- 0001193125-26-377055
Summary
Vylor Inc., a wholly owned subsidiary of Corteva, issued $1.1 billion in senior notes in a private offering — $550 million of 5.125% notes due 2031 and $550 million of 5.625% notes due 2036 — as part of Corteva's planned separation into two independent public companies, one holding the crop protection business and the other the seed business to be owned by Vylor. EIDP, Inc. guarantees the notes on a senior unsecured basis until the separation closes, and Vylor must redeem the notes at 101% of principal if the separation is not completed.
Key points
- Vylor issued $550 million of 5.125% senior notes due August 15, 2031 and $550 million of 5.625% senior notes due August 15, 2036, with interest payable each February 15 and August 15 beginning February 15, 2027.
- Corteva's board is pursuing a separation into a crop protection company and a seed company to be owned by Vylor Inc.
- Net proceeds are intended partly as a cash distribution to EIDP, Inc. as consideration for the contribution of the seed business to Vylor, with remaining amounts for exchange offers and general corporate purposes.
- A registration rights agreement with Morgan Stanley, J.P. Morgan Securities and BofA Securities requires Vylor to file an exchange-offer or shelf registration statement within 366 days of operating as an independent public company after the separation.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 8.01Other Events
- 9.01Financial Statements and Exhibits
From the filing
Item 8.01 Other Events. Vylor Inc. Notes Offering As previously disclosed, on October 1, 2025, Corteva, Inc. (the “Company” or “Corteva”) announced that its Board of Directors is pursuing a plan to separate Corteva into two independent, publicly traded companies, one comprising its current crop protection business and the other comprising its current seed business to be owned and conducted, directly or indirectly, by Vylor Inc., a Delaware corporation and a wholly owned subsidiary of the Company (“Vylor”) (the “Separation”). …
An excerpt of the text as filed with the SEC, cut for length.
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