# Corteva, Inc. (CTVA) — restructuring/exchange_offer [pending]
Source: SEC API (secapi.ai) · situation sit_77cd227afacf007cafeb · retrieved 2026-08-12T06:56:39.318Z

## Overview
Corteva, Inc. is a global agriculture company that develops and sells seed and crop protection products; it is separating into two independent publicly traded companies, with Vylor Inc. comprising the seed business.

On August 6, 2026, Vylor Inc., a wholly owned subsidiary of Corteva, Inc., commenced private exchange offers and consent solicitations for $1.6 billion aggregate principal amount of outstanding EIDP senior notes (2.300% due 2030, 5.125% due 2032, and 4.800% due 2033). Eligible noteholders may exchange their EIDP notes for corresponding Vylor notes with the same interest rates and maturity dates, plus cash consideration ranging from $2.50 to $5.00 per $1,000 principal amount depending on tender participation. The exchange offers are conditioned on consummation of Corteva's planned separation into two independent publicly traded companies, with the seed business (Vylor) expected to be spun off on or about October 1, 2026. The offers expire on September 3, 2026, with an early tender deadline of August 19, 2026.

## Terms
- Counterparty: Vylor Inc. · Deal value: $1.60B · Consideration: mixed

## Key dates
- Announced 2026-08-06 · Expiry 2026-09-03 · Expected close 2026-10-01

## Timeline
- 2026-08-06 · 8-K (0001193125-26-338406): 8-K - Corteva, Inc. — *Corteva, Inc. is a global agriculture company that develops and sells seed and crop protection products; it is separating into two independent publicly traded companies, with Vylor Inc. comprising the seed business.* On August 6, 2026, Vylor Inc., a wholly owned subsidiary of Corteva, Inc., commenced private exchange offers and consent solicitations for $1.6 billion aggregate principal amount of outstanding EIDP senior notes (2.300% due 2030, 5.125% due 2032, and 4.800% due 2033). Eligible noteholders may exchange their EIDP notes for corresponding Vylor notes with the same interest rates and maturity dates, plus cash consideration ranging from $2.50 to $5.00 per $1,000 principal amount depending on tender participation. The exchange offers are conditioned on consummation of Corteva's planned separation into two independent publicly traded companies, with the seed business (Vylor) expected to be spun off on or about October 1, 2026. The offers expire on September 3, 2026, with an early tender deadline of August 19, 2026.
  https://www.sec.gov/Archives/edgar/data/1755672/0001193125-26-338406.txt

## Citations
- 0001193125-26-338406 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526338406