PR Newswire·Sep 30, 2026, 8:30 AM ET

Corteva Announces Extension of Expiration Date in Private Exchange Offers and Consent Solicitations for EIDP's 2.300% Senior Notes Due 2030, 5.125% Senior Notes Due 2032 and 4.800% Senior Notes Due 2033

CTVA

Corteva, Inc. announced that its subsidiary Vylor Inc. has extended the expiration date of its exchange offers & consent solicitations for EIDP, Inc. senior notes from September 29, 2026, to 5:00 p.m. New York City time on September 30, 2026.
Validly tendered EIDP notes as of September 29, 2026, included 86.97% of the 2.300% Senior Notes due 2030, 95.24% of the 5.125% Senior Notes due 2032, & 87.93% of the 4.800% Senior Notes due 2033.
The exchange offers & consent solicitations remain conditioned upon the consummation of Corteva's planned separation into two independent companies, with the seed business to be owned by Vylor.
Vylor has already received the requisite consents to adopt proposed amendments to the indentures governing the EIDP notes, & a supplemental indenture has been executed, though these amendments become operative only upon settlement of the exchange offers.
Settlement of the exchange offers is expected to occur on or about the first business day following the expiration date, substantially simultaneously with the completion of the corporate separation, subject to potential further extensions.
D.F. King & Co., Inc. is acting as the information agent & exchange agent, & eligible holders may obtain eligibility letters & the offering memorandum through the agent's website or contact channels.
The exchange offers are being made only to qualified institutional buyers & non-U.S. persons in reliance on exemptions from registration under the Securities Act, with Vylor notes subject to transfer restrictions unless registered.