Corteva unit Vylor extends exchange offers for EIDP notes due 2030-2033

• Vylor, a wholly owned Corteva subsidiary, extended exchange offers for EIDP senior notes due 2030-2033 to Sept. 29.
• Early tenders reached USD 1.42 billion across the three series, representing 86.33% to 93.69% participation.
• Required consents were secured to strip most restrictive covenants from the EIDP base indenture, effective at settlement.
• Early tendering holders receive equal principal of Vylor senior notes plus cash of about USD 2.67-2.90 per USD 1,000.
• Settlement hinges on Corteva’s planned separation, targeted around Oct. 1, with closing expected about two business days post-expiration.

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