INDIANAPOLIS, Might 12, 2025/ PRNewswire/– Corteva, Inc. (” Corteva”) CTVA today revealed the rates of a public offering by its direct subsidiary, EIDP, Inc. (” EIDP”) of $ 500 million primary quantity of its 5.125% Senior Notes due in 2032 (the “Notes”). The Notes will pay interest semi-annually at a rate of 5.125% each year and will grow on Might 15, 2032 The net earnings from the sale of the Notes will be utilized for basic business functions, consisting of the redemption or payment of the $ 500 million impressive aggregate principal quantity of EIDP’s 1.700% Senior Notes due 2025 (the “2025 Notes”). This news release does not make up a notification of redemption of the 2025 Notes.
BNP Paribas Securities Corp., Citigroup Global Markets Inc., and HSBC Securities ( U.S.A.) Inc. are serving as joint book-running supervisors for the offering. The offering is anticipated to close on Might 14, 2025, based on the complete satisfaction of popular closing conditions.
The Notes are being used by ways of a prospectus supplement and accompanying prospectus forming a part of the efficient rack registration declaration submitted with the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as changed (the “Securities Act”).
You might get a copy of the initial prospectus supplement, the accompanying prospectus and the last prospectus supplement, when offered, by checking out EDGAR on the SEC site at www.sec.gov. Additionally, copies of any of those files might be gotten by calling BNP Paribas Securities Corp. at 1-800-854-5674, Citigroup Global Markets Inc. at 1-800-831-9146, or HSBC Securities ( U.S.A.) Inc. at 1-866-811-8049.
This news release will not make up a deal to offer or the solicitation of a deal to purchase any Notes, nor will there be any sale of Notes in any state or jurisdiction in which such deal, solicitation or sale would be illegal previous to registration or credentials under the securities laws of any such state or jurisdiction.
About Corteva
Corteva, Inc. CTVA is an international pure-play farming business that integrates industry-leading development, high-touch client engagement and functional execution to successfully provide services for the world’s most important farming obstacles. Corteva produces advantaged market choice through its special circulation technique, together with its well balanced and internationally varied mix of seed, crop defense, and digital services and products. With a few of the most acknowledged brand names in farming and an innovation pipeline well placed to drive development, the business is devoted to optimizing efficiency for farmers, while dealing with stakeholders throughout the food system as it satisfies its pledge to improve the lives of those who produce and those who take in, making sure development for generations to come. EIDP, Inc. is a direct subsidiary of Corteva.
Cautionary Declaration About Forward-Looking Statements
This news release includes particular quotes and positive declarations within the significance of Area 21E of the Securities Exchange Act of 1934, as changed, and Area 27A of the Securities Act of 1933, as changed, which are planned to be covered by the safe harbor arrangements for positive declarations included in the Personal Securities Lawsuits Reform Act of 1995, and might be recognized by their usage of words like “strategies,” “anticipates,” “will,” “expects,” “thinks,” “plans,” “jobs,” “quotes,” “outlook,” or other words of comparable significance. All declarations that resolve expectations or forecasts about the future, consisting of declarations about Corteva’s monetary outcomes or outlook; technique for development; item advancement; regulative approvals; market position; capital allowance technique; liquidity; sustainability targets and efforts; the expected advantages of acquisitions, reorganizing actions, or expense savings efforts; and the result of contingencies, such as lawsuits and ecological matters, are positive declarations.
Positive declarations are based upon particular presumptions and expectations of future occasions which might not be precise or recognized. Positive declarations and other quotes likewise include threats and unpredictabilities, a number of which are beyond EIDP’s control. Effects of product distinctions in outcomes as compared to those expected in the positive declarations might consist of, to name a few things, organization disturbance, functional issues, monetary loss, legal liability to 3rd parties and comparable threats, any of which might have a product negative result on EIDP’s organization, outcomes of operations and monetary condition. In addition, there might be other threats and unpredictabilities that EIDP is not able to presently determine or that EIDP does not presently anticipate to have a product effect on its organization.
Where, in any positive declaration or other price quote, an expectation or belief regarding future outcomes or occasions is revealed, such expectation or belief is based upon the existing strategies and expectations of EIDP’s management and revealed in excellent faith and thought to have a sensible basis, however there can be no guarantee that the expectation or belief will result or be accomplished or achieved. EIDP disclaims and does not carry out any responsibility to upgrade or modify any positive declaration, other than as needed by appropriate law. A comprehensive conversation of a few of the substantial threats and unpredictabilities which might trigger outcomes and occasions to vary materially from such positive declarations is consisted of in the prospectus supplement and accompanying prospectus associated to the offering of the Notes, Corteva’s and EIDP’s Yearly Report on Kind 10-K for the year ended December 31, 2024 and Corteva’s and EIDP’s Quarterly Report on Kind 10-Q for the quarter ended March 31, 2025, in each case submitted with the SEC.
SOURCE Corteva, Inc.