Business Context and Reporting Period
This Form 8-K is a current report filed by E. I. du Pont de Nemours and Company (DuPont) on May 20, 2004. The filing addresses a public debt offering completed on April 27, 2004, and includes a legal opinion regarding the validity of the issued securities.
Key Financial Metrics
The filing details a specific debt financing event rather than operational financial performance. Key metrics include:
- Total Debt Issued: $1.4 billion aggregate principal amount.
- Tranche 1: $900 million of 4 1/8% Notes due April 30, 2010.
- Tranche 2: $500 million of 4 7/8% Notes due April 30, 2014.
- Operational Metrics: The filing text does not provide values for revenue, profit, cash flow, margins, or liquidity.
Material Changes
The material change reported is the increase in the company's outstanding debt obligations resulting from the April 27, 2004 public offering. The notes were issued under existing Registration Statements (Nos. 333-86363 and 33-53327) and governed by indentures with Deutsche Bank Trust Company Americas and JPMorgan Chase Bank.
Guidance, Outlook, and Legal Opinion
The filing includes an Exhibit 5.1 legal opinion from Stacey J. Mobley, Senior Vice President, Chief Administrative Officer, and General Counsel. The opinion confirms that:
- DuPont is duly organized, validly existing, and in good standing under Delaware law.
- The debt securities have been duly authorized and, upon delivery, constitute valid and binding obligations enforceable against the company.
- The opinion is limited to the laws of Delaware, New York, and the United States.
The filing does not contain management commentary on future business outlook, risks, or contingencies beyond the standard legal assumptions.
Investor Verification Checklist
- Verify the final pricing and yield of the 4 1/8% Notes due 2010 and 4 7/8% Notes due 2014 in the prospectus supplement.
- Confirm the use of proceeds from the $1.4 billion offering in the company's subsequent 10-Q or 10-K filings.
- Review the full text of the Deutsche Bank and JPMorgan Chase Indentures for covenants and default provisions.
- Check for any subsequent amendments to the Registration Statements referenced (Nos. 333-86363 and 33-53327).