Corteva unit EIDP issues $700 million of notes for planned separation
Filed with the SEC on · Summarized by InvestorsBot
EIDP issued $700 million of 6.000% senior notes due August 15, 2036, with interest paid semiannually beginning February 15, 2027, to fund general corporate purposes including repayment of commercial paper. The notes must be redeemed at 101% of principal plus accrued interest if Corteva’s planned separation is not completed; if it proceeds, EIDP must pursue a registered exchange offer or resale registration within 366 days of the separation.