DuPont de Nemours, Inc. 8K

North Carolina and affected local entities entered into a $455 million PFAS settlement with DuPont, Chemours, Corteva and affiliates, along with a $135 million reserve fund to back Chemours’ remaining environmental obligations under a 2019 Consent Order related to the Fayetteville Works facility.

The filing describes a comprehensive Settlement Agreement among the State of North Carolina (through the Attorney General and NCDEQ), multiple counties and local water/wastewater entities in the Lower Cape Fear region, and EIDP, Inc., Corteva, Inc., DuPont de Nemours Inc., The Chemours Company, and The Chemours Company FC, LLC to resolve PFAS-related claims arising from environmental releases associated with the Fayetteville Works facility. Under the Agreement, the companies will pay a total settlement amount of $455 million in scheduled installments (initial payments of $25 million to the State and $77.5 million to specified local subdivisions, followed by 14 annual payments), with the funds characterized primarily as abatement, remediation, and restitution for natural resource and drinking water contamination, and allocated between the State and local governments. The Agreement confirms substantial prior remediation investments by Chemours FC, renews Chemours’ commitment to complete remaining obligations under a 2019 Consent Order with NCDEQ, and establishes a separate $135 million Reserve Fund to be funded by DuPont and Corteva (via credit/letter of credit/surety) solely to provide financial assurance for Chemours FC’s remaining Consent Order obligations, which the State may tap if Chemours defaults and is unable to pay. The settlement provides for dismissal with prejudice of identified litigations, defines broad released claims relating to PFAS and other contaminants and associated corporate restructurings, lays out credit mechanics for any future “Credit-Eligible Claims,” and sets forth detailed mechanics for payment, escrow, dispute resolution, and coordination with existing federal AFFF MDL settlements and the prior state Consent Order.

Filing Facts

CIK

1666700

Ticker

DD

Form

8K

Source Type

sec

Accession

0001666700-26-000055

Alert Tier

8