Vylor raises $1.1B senior notes for Corteva seed business separation

Corteva, Inc.

Issued $550M 5.125% senior notes due 2031 and $550M 5.625% senior notes due 2036.
Senior unsecured notes guaranteed by EIDP until separation completes; guarantee auto-releases after.
Proceeds fund cash distribution to EIDP for seed business contribution and fees.
Special mandatory redemption at 101% plus accrued interest if separation not completed.
Registration rights require exchange offer or shelf filing within 366 days of separation.

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