IFF & DuPont Set Pricing of Senior Notes Offered by N&B

Sep 10th, 2020

Hannah Fink

Nutrition & Biosciences, Inc. offers $6.25 Billion senior notes to IFF & DuPont.

Nutrition & Biosciences, Inc. offers $6.25 Billion senior notes to IFF & DuPont.

IFF & DuPont have announced that Nutrition & Biosciences Inc (N&B) have offered $6.25 billion of senior unsecured notes on September 9, 2020.

Previously: IFF Appoints Kathy Fortmann Divisional CEO, Taste.

The notes are comprised of the following:

$300 million aggregate principal amount of .697% due 2022
$1 billion aggregate principal amount of 1.230% due 2025
$1.2 billion aggregate principal amount of 1.832% due 2027
$1.5 billion aggregate principal amount of 2.300% due 2031
$750 million aggregate principal amount 3.268% due 2040
$1.5 billion aggregate principal amount of 3.468% due 2050

N&B will finance a payment of $7.3 billion to DuPont through net proceeds from the offering of the notes. After the payment, N&B will separate from DuPont and merge with a subsidiary of IFF.

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