Corteva Extends Expiration Date for Senior Notes Private Exchange Offers

Event Summary

On September 30, 2026, Corteva, Inc. (NYSE: CTVA) filed a Current Report on Form 8-K under Item 8.01 (Other Events) to announce that its wholly owned subsidiary, Vylor Inc., extended the expiration date of its private exchange offers and related consent solicitations for three tranches of senior notes issued by EIDP, Inc.

Key Terms and Exchange Progress

The expiration date for each exchange offer and consent solicitation was extended from 5:00 p.m. New York City time on September 29, 2026, to 5:00 p.m. New York City time on September 30, 2026.

As of September 29, 2026, participation rates were reported as follows:

• 2.300% Senior Notes due 2030 ($500M aggregate principal outstanding): $434,841,000 tendered (86.97%).
• 5.125% Senior Notes due 2032 ($500M aggregate principal outstanding): $476,214,000 tendered (95.24%).
• 4.800% Senior Notes due 2033 ($600M aggregate principal outstanding): $527,584,000 tendered (87.93%).

Strategic Context

The exchange offers are conditioned upon the consummation of Corteva's planned separation into two independent publicly traded companies:

1. The current crop protection business.
2. The current seed business, to be owned and operated by Vylor Inc.

Requisite consents have already been secured to approve the proposed indenture amendments, and a supplemental indenture has been executed. The amendments will become operative upon settlement, expected to occur concurrently with the completion of the corporate separation.