DuPont de Nemours Inc. is planning to buy back $2.16 billion of debt with its bond exchange, the conglomerate said on Tuesday, even if some investors push back against the swap.
The company said earlier this month that it was looking to buy back debt as part of a bond exchange as it prepares to spin off its electronics business into an independent company. The bond exchange involved three different notes, and DuPont said on Tuesday that a majority of holders of the notes due in 2028 had agreed to the exchange by the early deadline, while it was effectively giving extra time to holders of the 2038 and 2048.