Mergers & Acquisitions ·
Corteva completes spin-off of seed business into independent company Vylor Inc
VYLRVylor Inc.
Corteva, Inc. completed the separation of its seed operating segment into an independent, publicly traded entity named Vylor Inc. on October 1, 2026. The transaction involved a pro rata distribution of all outstanding shares of Vylor common stock to Corteva shareholders as of September 24, 2026. In connection with the separation, Vylor issued approximately 667 million shares and assumed $1.6 billion in senior notes from its former parent. The new company established a credit facility structure including a $3 billion five-year revolving credit facility and a $1.5 billion 364-day revolving credit facility, borrowing $3.078 billion to repay existing bilateral debt. Vylor appointed a seven-member board of directors and a full suite of executive officers, including Charles V. Magro as CEO. The company operates in the agricultural technology sector, specifically focusing on seed traits and genetics.