The loan financing and notes offering were made in connection with the spinoff by DuPont de Nemours of Qnity Electronics

Davis Polk advised the joint lead arrangers and administrative agent in connection with a $2.35 billion term loan B facility and a $1.25 billion revolving facility provided to Qnity Electronics, Inc.

The senior secured loan facilities were established in connection with the spinoff by DuPont de Nemours, Inc. of its electronics business, Qnity Electronics allowing Qnity Electronics to operate as an independent company focused on semiconductor technologies and advanced connectivity.

The proceeds of the term loans will be used to in connection with the spin off, for working capital purposes and other general corporate purposes.

Concurrent with the closing of the senior secured loan facilities, proceeds of the related $1.75 billion senior notes offering, previously issued into escrow, were released to fund a portion of a cash distribution to DuPont and pay fees and expenses incurred in connection with the offering.

Qnity Electronics is listed on the NYSE and has a standalone market capitalization of $19.56 billion as of October 31, 2025.

The Davis Polk finance team included partner Christopher Nairn-Kim, counsel Anthony Pitruzzello and associates Duan Xu and Max Berman. The capital markets team included partner Pedro J. Bermeo, counsel Claudia Carvajal Lopez and associate Ryan Mainous. Members of the Davis Polk team are based in the New York and Washington DC offices.

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