Intended Electronics Separation

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DuPont Announces Final Results of Exchange Offers and Consent Solicitations for Senior Notes
Prnewswire· 2025-10-01 10:45
(1) For each $1,000 principal amount of Existing Notes accepted for exchange. (2) Includes Early Participation Payment (as defined herein). For each $1,000 principal amount of the 2028 Notes validly tendered and not properly withdrawn as of the Expiration Date, all tendering eligible holders are entitled to receive the Total Consideration, as set forth in the table above. The New 2028 Notes to be issued by DuPont in exchange for the 2028 Notes will have the same interest rate, interest payment dates, maturi ...
DuPont Announces Commencement of Exchange Offers and Consent Solicitations for Senior Notes
Prnewswire· 2025-09-02 21:41
Core Viewpoint - DuPont de Nemours, Inc. is initiating offers to exchange its outstanding senior notes for new notes as part of its strategy to separate its electronics business into an independent public company, Qnity Electronics, Inc., targeted for completion on November 1, 2025 [1][15]. Exchange Offers and Consent Solicitations - The exchange offers are being made in connection with the Intended Electronics Separation and are not contingent upon the completion of the separation [1]. - DuPont is soliciting consents from eligible holders of existing notes to adopt proposed amendments to the existing indenture, which would eliminate most restrictive covenants [4]. - The exchange offers will expire on September 30, 2025, unless extended or terminated [6]. Financial Details - Eligible holders can receive an early participation payment of $50 principal amount of new notes and $2.50 in cash for each $1,000 principal amount of existing notes tendered by September 15, 2025 [8]. - The total consideration for each $1,000 principal amount of existing notes includes $950 principal amount of new notes plus the early participation payment [8]. - If the Intended Electronics Separation is completed by March 31, 2026, DuPont will redeem specific amounts of new notes at a special mandatory redemption price [10]. New Notes Characteristics - Each series of new notes will have the same interest rate, payment dates, and maturity date as the corresponding existing notes [9]. - The first interest payment on each series of new notes will include accrued and unpaid interest from the existing notes tendered [9]. Eligibility and Conditions - Documents related to the exchange offers will only be distributed to eligible holders who meet specific criteria [12]. - The completion of each exchange offer is conditioned upon at least 50.1% of the outstanding aggregate principal amount of the applicable series of existing notes being validly tendered [5].
DuPont Reports Second Quarter 2025 Results
Prnewswire· 2025-08-05 10:00
WILMINGTON, Del., Aug. 5, 2025 /PRNewswire/ -- DuPont (NYSE: DD) announced its financial results(1) for the second quarter ended June 30, 2025. "We delivered another quarter of year-over-year organic sales growth and solid margin expansion in both the ElectronicsCo and IndustrialsCo segments, as well as 15 percent adjusted EPS growth," said Lori Koch, DuPont Chief Executive Officer. "Ongoing strength in electronics, healthcare and water end-markets, along with our team's focus on operational execution conti ...
DuPont Announces Additional Directors for the Planned Independent Electronics Company
Prnewswire· 2025-04-16 20:15
Core Points - DuPont announced the appointment of Karin De Bondt and Anne Noonan as independent directors for the future Electronics Board following the planned spin-off of its Electronics business, targeted for November 1, 2025 [1][6] - The new board will consist of nine members, with De Bondt and Noonan bringing extensive experience in executive leadership, capital allocation, mergers and acquisitions, governance, and risk management [3] Company Overview - DuPont is a global innovation leader providing technology-based materials and solutions across various industries, including electronics, transportation, construction, water, healthcare, and worker safety [4] - The company is in the process of separating its Electronics business, which will not require a shareholder vote and is subject to customary conditions, including final board approval and regulatory approvals [6]