Recent Updates — CTVA
On October 1, 2026, Corteva, Inc. completed the separation of its seed operating segment into an independent, publicly traded company named Vylor Inc. The transaction was effected through a pro rata distribution of all outstanding shares of Vylor common stock to holders of Corteva common stock as of the close of business on September 24, 2026. Following this distribution, Vylor became an independent entity and its common stock commenced regular-way trading on the New York Stock Exchange under the symbol "VYLR" on October 1, 2026. Corteva operates in the agriculture industry, providing seeds, crop protection, and digital solutions to farmers.
Corteva, Inc. announced the expiration and final results of private exchange offers for its subsidiary EIDP’s senior notes due 2030, 2032, and 2033. Vylor Inc., a wholly owned subsidiary, received valid tenders representing $434.8 million (86.97%), $476.2 million (95.24%), and $527.6 million (87.93%) of the respective outstanding principal amounts. The exchange is conditioned on Corteva’s planned separation into two independent companies, expected to close around October 1, 2026. Early tenderers receive new Vylor Notes plus cash consideration ranging from approximately $2.67 to $2.90 per $1,000 principal, while late tenderers receive a reduced principal amount of $970 per $1,000 without cash consideration. Corteva is a global pure-play agriculture company providing seed, crop protection, and digital solutions.
On September 30, 2026, the U.S. Court of Appeals for the Fourth Circuit reversed a lower court's denial of California's motion to delay Corteva’s separation into two independent companies, remanding the matter for further consideration while denying an injunction pending appeal. The District Court subsequently denied California’s motion to enjoin the Separation. Corteva waived legal restraint conditions related to potential governmental orders and expects to complete the distribution of Vylor Inc. common stock prior to 9:30 a.m. New York City time on October 1, 2026. The pro rata dividend of Vylor shares is based on holdings as of September 24, 2026. Corteva operates in the agriculture industry, providing seeds and crop protection products.
Corteva, Inc. announced that its wholly owned subsidiary Vylor Inc. extended the expiration date for private exchange offers and consent solicitations regarding EIDP’s senior notes due 2030, 2032, and 2033 from September 29 to September 30, 2026. As of the previous deadline, valid tenders represented $434.8 million (86.97%) of the 2030 notes, $476.2 million (95.24%) of the 2032 notes, and $527.6 million (87.93%) of the 2033 notes. The transactions are conditioned on Corteva’s planned separation into two independent companies comprising its crop protection and seed businesses. Corteva operates in the agriculture industry, providing seeds, crop protection products, and digital solutions.
Corteva, Inc. announced that the SEC declared effective Vylor’s Registration Statement on Form 10, clearing a key regulatory hurdle for the separation of Vylor into an independent, publicly traded company. The spin-off is expected to be completed on October 1, 2026, with each Corteva stockholder of record as of September 24, 2026 receiving one share of Vylor common stock for every share held. Vylor shares are authorized for listing on the NYSE under the symbol “VYLR” and will begin regular-way trading on October 1, 2026. Corteva operates in the global agriculture industry, providing seed, crop protection, and digital solutions to farmers.
Corteva, Inc. announced that its Board is pursuing a plan to separate the company into two independent entities: EIDP, Inc., comprising the crop protection business, and Vylor Inc., holding the seed business. In connection with this separation, EIDP issued $700 million in aggregate principal amount of 6.000% Senior Notes due August 15, 2036, in a private offering. The net proceeds will be used for general corporate purposes, including repaying commercial paper borrowings. A special mandatory redemption provision requires EIDP to redeem the notes at 101% of principal plus accrued interest if the separation is not completed. Corteva operates in the agriculture industry, providing seeds and crop protection products.