Loan & DebtJul 15, 2026, 04:42 PM
Deere Funding Canada Issues $300M 4.850% Notes Due 2031
AI Summary
Deere Funding Canada Corporation, an indirect, wholly owned subsidiary of Deere & Company, agreed to sell $300,000,000 aggregate principal amount of 4.850% Notes due July 15, 2031. Deere & Company will fully and unconditionally guarantee these Notes on a senior unsecured basis. The Notes are unsecured and will rank equally with the Issuer's other unsecured and unsubordinated debt, with interest payable semi-annually.
Key Highlights
- Deere Funding Canada Corporation sold $300,000,000 aggregate principal amount of Notes.
- The Notes carry an interest rate of 4.850% and are due on July 15, 2031.
- Deere & Company will fully and unconditionally guarantee the Notes on a senior unsecured basis.
- Interest on the Notes is payable semi-annually on January 15 and July 15, starting January 15, 2027.
- The Issuer may redeem the Notes prior to maturity at an applicable redemption price.
- Underwriters include Barclays Capital Inc., Credit Agricole Securities (USA) Inc., and Deutsche Bank Securities Inc.
Price Impact
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