Corteva: EIDP note exchange draws 86.97%-95.24% tenders; separation expected Oct 1, 2026

Corteva, Inc.

Vylor Inc., Corteva's wholly owned sub, received final results of exchange offers for EIDP notes; expiration was 5 p.m. NYC time Sept 30, 2026.
2030 notes: $434.841M of $500M tendered (86.97%); 2032 notes: $476.214M of $500M (95.24%); 2033 notes: $527.584M of $600M (87.93%).
Eligible holders tendering by Aug 19 early deadline get equal principal of Vylor notes plus cash: ~$2.90/$1,000 for 2030, $2.67 for 2032, $2.86 for 2033.
Settlement expected substantially simultaneously with Corteva's separation into crop protection and seed companies, expected on or about Oct 1, 2026.
Late tenders after early deadline receive $970 principal of Vylor notes per $1,000, no cash; accrued interest also paid.

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