The exchange canceled about $1.4 billion of EIDP notes, but Vylor issued new notes and $161 million of EIDP notes remain. The filing does not explain any change to Corteva's own costs or obligations.
This may lower EIDP's own borrowing, but holders received new notes from Vylor. The filing does not say whether Corteva has responsibility for those notes or what the exchange costs, so it shows no clear change for Corteva.
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