DUPONT DE NEMOURS, INC. AND QNITY ELECTRONICS, INC.

Core Viewpoint - DuPont is planning to spin off its electronics business, Qnity Electronics, Inc., and is offering $1.5 billion in senior secured notes and $1.0 billion in senior unsecured notes to finance this transaction [1][2][3]. Group 1: Spin-Off Details - The spin-off is targeted for completion on November 1, 2025, and will involve a pro rata distribution of Qnity common stock to DuPont's stockholders [1][4][11]. - If the spin-off is not completed by March 31, 2026, or under certain conditions, the notes will be subject to special mandatory redemption [4]. Group 2: Financial Offering - Qnity plans to offer $1.5 billion in senior secured notes due 2032 and $1.0 billion in senior unsecured notes due 2033 [1][2]. - The gross proceeds from the offering will be held in escrow and released upon the completion of the spin-off [3]. Group 3: Guarantees and Security - The unsecured notes will be guaranteed on a senior unsecured basis, while the secured notes will be guaranteed on a senior secured basis by Qnity's subsidiaries [2]. - The secured notes will be backed by first priority liens on collateral that secures Qnity's obligations under its planned senior secured credit facilities [2]. Group 4: Company Background - Qnity is a technology solutions provider in the semiconductor value chain, focusing on AI, high-performance computing, and advanced connectivity [7]. - DuPont is a global leader in innovation, providing technology-based materials and solutions across various industries, including electronics [9].