Financing ·
Corteva, Inc. announced early tender results and an extension of the expiration date for private exchange offers and…
CTVACorteva, Inc.
Corteva, Inc. announced early tender results and an extension of the expiration date for private exchange offers and consent solicitations regarding its subsidiary EIDP’s senior notes due 2030, 2032, and 2033. The company received requisite consents to amend indentures, eliminating restrictive covenants and change-of-control provisions. Validly tendered amounts include $431.6 million of the 2030 notes (86.33%), $468.4 million of the 2032 notes (93.69%), and $524.9 million of the 2033 notes (87.48%). The expiration date is extended to September 29, 2026. These transactions are conditioned on Corteva’s planned separation into two independent companies, expected around October 1, 2026. Corteva operates in the agriculture industry, providing seed and crop protection solutions.