Qnity prices $1.75B in notes (5.750% secured, 6.250% unsecured) for DuPont electronics spin-off

DuPont de Nemours, Inc.

Qnity priced $1.0B 5.750% Senior Secured Notes due 2032 and $750M 6.250% Senior Notes due 2033 at 100% of par.
Offering close expected Aug 15, 2025; proceeds escrowed until spin-off target Nov 1, 2025.
If spin-off not completed by Mar 31, 2026 or abandoned earlier, notes subject to special mandatory redemption.
Qnity expects to enter $1.25B revolver and $2.35B term loan facility in connection with spin-off.
Notes offered under Rule 144A/Regulation S; unregistered and not registered under Securities Act.

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