DuPont Spinoff Qnity Prices $4.1 Billion in Debt for Payout

DuPont de Nemours Inc.’s electronics business, which will be spun off into the Qnity Electronics Inc. brand, priced a $4.1 billion debt offering to fund a payout to DuPont in connection with the reorganization.

The $2.35 billion leveraged loan priced at 2 percentage points over the benchmark rate and at a discount of 99.75 cents on the dollar Tuesday, according to a person familiar with the matter. A $1 billion secured bond was priced to yield 5.75%, while a $750 million unsecured bond was priced to yield 6.25%, another person said.