Form 8-K · Current report
Corteva 8-K, filed Sep 24, 2026
- Filed
- CIK
- 0001755672
- Accession no.
- 0001193125-26-401156
Summary
EIDP, Inc. issued $700 million of 6.000% senior notes due 2036 in a private offering connected to Corteva's plan to separate into a crop protection company with EIDP as a standalone business and a seed company owned by Vylor Inc. The notes carry a special mandatory redemption at 101% if the separation is not completed, and EIDP entered a registration rights agreement with Morgan Stanley, J.P. Morgan Securities, and BofA Securities.
Key points
- Corteva's board is pursuing a separation into two independent, publicly traded companies: one for crop protection with EIDP as a standalone business, and one for seeds owned by Vylor Inc.
- EIDP issued $700 million aggregate principal amount of 6.000% senior notes due August 15, 2036; interest is payable each February 15 and August 15, beginning February 15, 2027.
- The notes were not registered under the Securities Act and were offered only to qualified institutional buyers under Rule 144A and certain non-U.S. persons under Regulation S; net proceeds are for general corporate purposes, including repayment of commercial paper borrowings.
- Under a special mandatory redemption, EIDP must redeem the notes at 101% of principal plus accrued interest if the separation is not completed, and a registration rights agreement requires a registration statement filing within 366 days after the separation's completion.
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. Notes Offering As previously disclosed, on October 1, 2025, Corteva, Inc. (“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 with EIDP, Inc. (formerly known as E. I. du Pont de Nemours and Company) (“EIDP”) as a standalone 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 EIDP (the “Separation”). …
An excerpt of the text as filed with the SEC, cut for length.
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