8-KOther Events

EIDP, Inc. 8-K Report (May 20, 2004)

Filed May 20, 2004For Securities:CTA-PBCTA-PA

Summary

This 8-K filing from E. I. du Pont de Nemours and Company (EIDP) reports on an "Opinion of Counsel" related to a public offering of debt securities. Specifically, the company is filing an opinion from its Senior Vice President, Chief Administrative Officer, and General Counsel, Stacey J. Mobley, dated May 20, 2004. This opinion confirms that the company is duly organized and in good standing under Delaware law. More importantly for investors, the opinion also states that the "Debt Securities" offered under the relevant indentures have been duly authorized and will constitute legally valid and binding obligations of the company, enforceable in accordance with their terms, upon authentication and delivery by the Trustee. This filing is in connection with a substantial offering of notes, including $900 million of 4 1/8% Notes due April 30, 2010, and $500 million of 4 7/8% Notes due April 30, 2014, which were sold on April 27, 2004, under existing registration statements.

Key Highlights

  • 1EIDP, Inc. is filing an opinion of counsel from its General Counsel regarding its debt securities.
  • 2The opinion confirms EIDP is legally organized and in good standing in Delaware.
  • 3The opinion validates that the company's Debt Securities are duly authorized and will be legally binding obligations.
  • 4This filing is tied to a public offering of $1.4 billion in notes that occurred on April 27, 2004.
  • 5The notes offered include $900 million of 4 1/8% Notes due 2010 and $500 million of 4 7/8% Notes due 2014.
  • 6The offering was conducted under existing Form S-3 registration statements filed in 1999 and 1994.

Frequently Asked Questions

This 8-K filing serves to provide an official "Opinion of Counsel" from EIDP's General Counsel. This opinion is a legal confirmation regarding the company's status and the validity of its debt securities, particularly in connection with recent debt offerings.

The filing references the 'Debt Securities' as defined in the company's indentures. It specifically relates to the $900 million of 4 1/8% Notes due April 30, 2010, and $500 million of 4 7/8% Notes due April 30, 2014, which were sold in a public offering on April 27, 2004.

No, this filing is primarily a legal and compliance document. It does not contain new financial statements, earnings reports, or information about changes in the company's business operations. Its focus is on the legal standing of the company and its previously issued debt.

The 'Opinion of Counsel' provides investors with assurance that the debt securities they purchased or may hold are legally valid and binding obligations of EIDP, Inc. It confirms that the company has followed the necessary legal procedures for issuing these securities.