Corteva $1.2 billion senior notes offering
The investment-grade notes are due 2026 and 2033
Davis Polk advised the representatives of the several underwriters in connection with an SEC-registered offering by EIDP, Inc. (formerly known as E.I. du Pont de Nemours and Company), a direct subsidiary of Corteva, Inc., of $600 million aggregate principal amount of 4.500% senior notes due 2026 and $600 million aggregate principal amount of 4.800% senior notes due 2033.
Corteva, Inc. is a publicly traded, global pure-play agriculture company that combines industry-leading innovation, high-touch customer engagement and operational execution to profitably deliver solutions for the world’s most pressing agriculture challenges. Corteva generates advantaged market preference through its unique distribution strategy, together with its balanced and globally diverse mix of seed, crop protection and digital products and services.
The Davis Polk capital markets team included partner Byron B. Rooney, counsel Jennifer Ying Lan and associates Rahul K. Patel and Lincoln Jim. Senior counsel Po Sit and associate Dov Sussman provided tax advice. Counsel David A. Zilberberg provided environmental advice. All members of the Davis Polk team are based in the New York office.