08:13 AM EDT, 08/11/2025 (MT Newswires) -- DuPont de Nemours ( DD ) said Monday that its electronics business, Qnity Electronics, intends to offer $1.5 billion in senior secured notes due 2032 and $1.0 billion in senior notes due 2033 to qualified institutional buyers in the US, subject to market and customary conditions.

Both offerings are part of DuPont's ( DD ) planned spin-off of its electronics business through a pro rata distribution of Qnity common stock to DuPont ( DD ) shareholders, the company said.

Following the spin-off, the notes will be the sole obligation of Qnity Electronics.

Gross proceeds from the offering will be held in escrow until the closing of the spin-off, expected on Nov. 1. Qnity plans to use the net proceeds from the offering, along with borrowings under new credit facilities and cash on hand, to pay a cash distribution to DuPont ( DD ) and to finance a pre-paid interest deposit in connection with the issuance of the notes.