DuPont Bondholders Push Back Against Debt-Swap Plan

Some of DuPont de Nemours Inc.’s bondholders are pushing back against the chemical conglomerate’s plan to buy back as much as $2.16 billion of debt after a spinoff, and remove some investor protections in its existing bonds in the process.

Investment bank Solomon Partners and law firm Milbank are talking to investors about options for blocking a debt exchange on about $5.4 billion of notes that will probably result in a chunk of the bonds being bought back, according to people with knowledge of the matter. The group held a conference call with money managers on Monday to discuss possible strategies, said the people, who asked not to be identified discussing private information.