Corteva: Vylor exchange offers for EIDP notes expire; 87-95% tendered; settlement tied to separation

Vylor Inc.

Vylor Inc., Corteva's subsidiary, received final results: EIDP notes tendered: $434.8M (86.97%) of 2.300% 2030 notes, $476.2M (95.24%) of 5.125% 2032 notes, $527.6M (87.93%) of 4.800% 2033 notes.
Exchange consideration: equal principal amount of new Vylor notes plus cash of ~$2.90, $2.67, $2.86 per $1,000 for 2030, 2032, 2033 notes respectively; late tenders get $970 principal only.
Settlement expected on or about October 1, 2026, simultaneously with Corteva's separation into crop protection and seed companies (Vylor to own seed business).
Consent solicitations sought amendments to indentures governing EIDP notes; all conditions satisfied except consummation of the Separation.

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