DuPont evaluating considerations related to the capital structures of its three future companies following its previously announced plan to separate into three independent publicly traded companies (80.62 +0.28)
- DuPont, with its advisors, is evaluating considerations related to the design of the capital structures of the three "FutureCos". These considerations include the impact of executing the separations in accordance with the announced plan on the Company's existing indebtedness, including the Company's senior notes. DuPont currently has senior notes outstanding in the aggregate principal amount of ~$7.8 billion, with maturities on the notes in 2025, 2028, 2038 and 2048.
- As part of establishing the capital structures of the three "FutureCos", DuPont has delivered a notice of redemption to the bond trustee with respect to a partial redemption of $650 million aggregate principal amount of its 2038 notes in accordance with their terms. DuPont expects to repay, redeem, repurchase, or exchange some or all of its other senior notes, which could include redemptions, tender offers, open market purchases, privately negotiated transactions, or other transactions or a combination of any of them, which will be on pricing terms that are determined at the time of any such transaction. Such transactions will depend on liquidity considerations, contractual and legal restrictions, prevailing market conditions and other factors.