12:18 PM EDT, 08/12/2025 (MT Newswires) -- DuPont de Nemours ( DD ) and its Qnity Electronics unit said Tuesday that Qnity has has priced a $1.75 billion note offering to support the planned spin-off of DuPont's ( DD ) electronics business.

The offering includes $1 billion of 5.750% senior secured notes due 2032 and $750 million of 6.250% senior notes due 2033, both priced at 100% of their principal amounts.

Proceeds from the sale will be used in connection with DuPont's ( DD ) plan to separate its electronics division through a pro rata distribution of Qnity common stock to DuPont ( DD ) shareholders.

The offering is expected to close on Friday. The gross proceeds will be held in escrow until the spin-off is completed, which is targeted for Nov. 1.

In connection with the spin-off, Qnity also plans to enter into a credit agreement for a five-year revolving credit facility of $1.25 billion and a seven-year term loan facility of $2.35 billion, according to a joint statement.

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