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EIDP: Vylor completes $528M exchange of 2033 notes

Eligible holders tendered $434,841,000 of 2030 notes, $476,214,000 of 2032 notes and $527,584,000 of 2033 notes.

(High)

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Form Type
8-K

Rhea-AI Filing Summary

EIDP, Inc. reported that Vylor Inc. completed private exchange offers for eligible holders of three EIDP senior-note series on October 1, 2026; accepted notes were retired and canceled and will not be reissued. Vylor issued new notes of the corresponding series and completed related consent solicitations on EIDP’s behalf. The amendments to the governing indentures became operative upon settlement.

For the 2.300% Senior Notes due 2030, $434,839,000 was accepted and $65,161,000 remained outstanding following settlement. For the 5.125% Senior Notes due 2032, $476,214,000 was accepted and $23,786,000 remained outstanding. For the 4.800% Senior Notes due 2033, $527,584,000 was accepted and $72,416,000 remained outstanding. EIDP entered into the Fourth EIDP Supplemental Indenture with U.S. Bank Trust Company, National Association, as trustee, dated August 20, 2026, after requisite consents were received as of the August 19, 2026 early tender deadline.

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Item 3.03 Material Modification to Rights of Security Holders Securities
A change was made that materially affects the rights of existing shareholders (e.g., dividend rights, voting rights).
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Principal amount accepted — 2.300% Senior Notes due 2030 $434,839,000 Accepted in the exchange offer settled October 1, 2026.
Principal amount outstanding — 2.300% Senior Notes due 2030 $65,161,000 Following settlement on October 1, 2026.
Principal amount accepted — 5.125% Senior Notes due 2032 $476,214,000 Accepted in the exchange offer settled October 1, 2026.
Principal amount outstanding — 5.125% Senior Notes due 2032 $23,786,000 Following settlement on October 1, 2026.
Principal amount accepted — 4.800% Senior Notes due 2033 $527,584,000 Accepted in the exchange offer settled October 1, 2026.
Principal amount outstanding — 4.800% Senior Notes due 2033 $72,416,000 Following settlement on October 1, 2026.
Exchange Offer financial
"private offers to exchange ... an “Exchange Offer”"
An exchange offer is a proposal where a company asks investors to swap existing securities, like bonds or shares, for new ones, often with different terms or maturity dates. It matters to investors because it can affect the value of their holdings and the company's financial strategy, potentially providing benefits like better interest rates or reduced debt.
Proposed Amendments technical
"to adopt certain proposed amendments"
Settlement financial
"in connection with the settlement of the Exchange Offers"
Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.
Fourth EIDP Supplemental Indenture technical
"entered into a fourth supplemental indenture"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much of CTA's 2.300% Senior Notes due 2030 did Vylor accept?

Vylor accepted $434,839,000 of EIDP’s 2.300% Senior Notes due 2030, and $65,161,000 remained outstanding following settlement on October 1, 2026. Accepted notes were retired and canceled and will not be reissued.

When did the amendments to CTA's EIDP note indentures become operative?

The amendments became operative on October 1, 2026, upon settlement of the exchange offers. EIDP entered into the Fourth EIDP Supplemental Indenture dated August 20, 2026, after requisite consents were received as of the August 19, 2026 early tender deadline.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 1, 2026

Corteva, Inc.

EIDP, Inc.

(Exact Name of Registrant as Specified in Charter)

 

Delaware

001-38710

82-4979096

Delaware

001-00815

51-0014090

(State or Other

(Commission File Number)

(IRS Employer

Jurisdiction of

 

Identification No.)

Incorporation)

 

 

 

9330 Zionsville Road, Indianapolis, Indiana

46268

 

1000 N. West Street, Suite 800, Wilmington, Delaware

19801

 

(Address of Principal Executive Offices)

(Zip Code)

 

 

Registrant’s Telephone Number, including area code: (833) 267-8382

 

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR

 

240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

 

Registrant

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Corteva, Inc.

Common Stock, $0.01 par value

CTVA

New York Stock Exchange

EIDP, Inc.

$3.50 Series Preferred Stock

CTAPrA

New York Stock Exchange

EIDP, Inc.

$4.50 Series Preferred Stock

CTAPrB

New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 


 

Item 3.03 Material Modification to Rights of Security Holders.

The information set forth under Item 8.01 of this Current Report on Form 8-K for Corteva, Inc. and EIDP regarding the Fourth EIDP Supplemental Indenture and the Proposed Amendments (as defined below) is incorporated by reference into this Item 3.03.

 

Item 8.01 Other Events.

On October 1, 2026, Vylor Inc. (“Vylor”) completed its previously announced (i) private offers to exchange (with respect to each series, an “Exchange Offer” and together, the “Exchange Offers”) any and all of the outstanding senior notes of the series listed in the table below issued by EIDP, Inc., a Delaware corporation and a wholly owned subsidiary of Corteva, Inc. (“EIDP” and such notes, collectively, the “EIDP Notes”), to the extent held by eligible holders, for new notes of the corresponding series issued by Vylor and (ii) related consent solicitations (the “Consent Solicitations”) made by Vylor on behalf of EIDP to adopt certain proposed amendments to the indentures governing the EIDP Notes (the “Proposed Amendments”). The Exchange Offers and Consent Solicitations were not registered under the Securities Act of 1933, as amended, or any state or foreign securities laws.

The table below sets forth the aggregate principal amounts of EIDP Notes that were validly tendered pursuant to the Exchange Offers and Consent Solicitations and the aggregate principal amounts of EIDP Notes accepted for exchange. Such accepted EIDP Notes have been retired and canceled in connection with the settlement of the Exchange Offers (the “Settlement”) and will not be reissued. Following such cancellation, the aggregate principal amounts of the EIDP Notes set forth below remain outstanding.

 

Title of

Series of

EIDP

Notes

CUSIP No.

and ISIN of

EIDP Notes

Aggregate

Principal Amount

Tendered

 

Aggregate

Principal Amount

Accepted

Aggregate

Principal Amount

Outstanding

Following

Settlement

2.300% Senior Notes due 2030

 

263534CP2 US263534CP24

 

$434,841,000

 

$434,839,000

 

$65,161,000

5.125% Senior Notes due 2032

 

263534CS6 US263534CS62

 

$476,214,000

 

$476,214,000

 

$23,786,000

4.800% Senior Notes due 2033

 

263534CR8 US263534CR89

 

$527,584,000

 

$527,584,000

 

$72,416,000

 

As previously announced, following receipt, as of the early tender deadline on August 19, 2026, of the requisite consents to adopt the Proposed Amendments, EIDP entered into a fourth supplemental indenture with U.S. Bank Trust Company, National Association, dated as of August 20, 2026 (the “Fourth EIDP Supplemental Indenture”), amending the base indenture governing the EIDP Notes and each of the supplemental indentures governing the respective series of EIDP Notes, to effect the Proposed Amendments with respect to each series of EIDP Notes. The Proposed Amendments became operative on October 1, 2026 upon the Settlement.

 

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Index

Exhibit

 

Number

 

Description

 

 

 

4.1

 

Fourth Supplemental Indenture, dated as of August 20, 2026, between EIDP, Inc. and U.S. Bank Trust Company, National Association, as trustee (incorporated by reference to Exhibit 4.1 to Current Report on Form 8-K of Corteva, Inc. (Commission file number 001-38710), filed August 20, 2026).

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 


 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

 

CORTEVA, INC.

 

 

 

Date: October 7, 2026

By:

/s/ Jeff Rudolph

 

 

Name: Jeff Rudolph

 

 

Title: Chief Financial Officer

 

 

 

 

 

 

 

EIDP, INC.

 

 

 

Date: October 7, 2026

By:

/s/ Jeff Rudolph

 

 

Name: Jeff Rudolph

 

 

Title: Chief Financial Officer

 

 


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