EIDP issues $700M of 6% senior notes due 2036 for Corteva split plans

EIDP, Inc., co-reporting with Corteva, Inc., said that on September 24, 2026 it issued $700 million aggregate principal amount of 6% senior notes due 2036 in a private offering connected to Corteva’s planned separation into crop-protection and seed companies.

EIDP put $700 million of 10-year senior notes into the market on September 24, 2026 — a Separation-linked financing that closes the notes book while Corteva’s planned split into crop-protection and seed companies remains unfinished.

$700 million of 6% notes due 2036

On September 24, 2026, EIDP, Inc. (formerly E. I. du Pont de Nemours and Company), co-reporting with parent Corteva, Inc. (NYSE: CTVA), issued $700 million aggregate principal amount of senior notes due 2036 in a private offering. The notes bear interest at 6% per year and mature on August 15, 2036. Interest is payable on February 15 and August 15 of each year, with the first payment on February 15, 2027.

The issuance was not registered under the Securities Act. The notes were offered and sold only to persons reasonably believed to be qualified institutional buyers under Rule 144A and to certain non-U.S. persons outside the United States under Regulation S. EIDP intends to use the net proceeds for general corporate purposes, including the repayment of commercial paper borrowings.

Indenture stack and registration rights

The notes were issued under EIDP’s Indenture dated May 15, 2020 with U.S. Bank Trust Company, National Association (as successor trustee), as supplemented by a Fifth Supplemental Indenture dated September 24, 2026. The Indenture carries customary events of default and redemption mechanics. EIDP also entered a Registration Rights Agreement dated September 24, 2026 with Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and BofA Securities, Inc. as representatives of the initial purchasers, agreeing to file an exchange-offer registration statement for the notes or a shelf registration statement for their resale within 366 days from completion of the Separation. The Purchase Agreement referenced in that registration-rights document is dated September 21, 2026.

Tied to a Separation that has not closed

Corteva announced on October 1, 2025 that its board is pursuing a plan to separate into two independent public companies: a crop-protection business with EIDP as a standalone company, and a seed business to be owned and conducted by Vylor Inc., a Delaware corporation and wholly owned EIDP subsidiary. The Fifth Supplemental Indenture’s recitals state that, under a Separation and Distribution Agreement to be entered among Corteva, Vylor and (for certain purposes) EIDP, the Separation is expected to occur on October 1, 2026 or such other date as the parties agree (the Effective Time).

That Separation is not completed by this Form 8-K. The notes issue finances Separation-related capitalization plans; it does not close the split, the distribution, or Vylor’s stand-up as a public company.

Special mandatory redemption if Separation misses

If the Separation is not consummated on the Effective Time, or if the Separation and Distribution Agreement is terminated before that Special Mandatory Redemption End Date, EIDP must redeem the notes in whole — not in part — at 101% of aggregate principal amount plus accrued and unpaid interest to, but excluding, the Special Mandatory Redemption Date. Failure to redeem under that special mandatory redemption is an event of default. The special mandatory redemption ceases to apply once the Separation is completed.

What this filing does not settle

The Form 8-K does not quantify net proceeds after discounts and fees, does not state commercial-paper balances being repaid, and does not confirm that the Separation, Effective Time, or any related distribution has occurred. Readers should treat the October 1, 2026 Effective Time language as a planned Separation timetable, not a closed transaction.