Deere John Capital Corp will issue $500,000,000 ($500 million) of 4.650% fixed-rate senior notes due September 11, 2028. Investors receive semiannual interest payments beginning March 11, 2027, while the notes carry a public price of 99.926% plus accrued interest and have no Redemption provisions.
Key Highlights
- The notes will be sold to the public at 99.926% of principal plus accrued interest.
- Interest payments are scheduled for March 11 and September 11, beginning March 11, 2027.
- Barclays Capital, BofA Securities, Citigroup Global Markets, Goldman Sachs, MUFG Securities and TD Securities will each purchase $66,667,000 of notes.
Deere John Capital Corp will issue $500,000,000 ($500 million) of 4.650% fixed-rate senior notes on September 11, 2026, with the securities maturing on September 11, 2028. The notes are denominated in U.S. dollars and form part of the company’s $35,300,000,000 ($35.3 billion) Series J medium-term note program.
Fixed-Rate Notes Set for September 11 Issue
Record dates precede the applicable interest payment dates. The notes have no redemption provisions. Barclays Capital Inc. BofA Securities, Inc. Citigroup Global Markets Inc. Goldman Sachs (NYSE: GS) & Co. LLC, MUFG Securities Americas Inc. and TD Securities (USA) LLC will each purchase $66,667,000 of principal. Academy Securities, Inc. and Commerz Markets LLC will each purchase $16,667,000, while Loop Capital Markets LLC, PNC Capital Markets LLC, Santander US Capital Markets LLC and Scotia Capital (USA) Inc. will each purchase $16,666,000. The total principal amount allocated across the named agents is $500,000,000.
FAQs
Q: What are Deere John Capital Corp’s new senior notes?
A: Deere John Capital Corp’s new senior notes carry a fixed interest rate of 4.650% and total $500,000,000. They mature on September 11, 2028.
Q: When will the Deere John Capital Corp notes pay interest?
A: The notes will pay interest semi-annually on March 11 and September 11. Payments commence on March 11, 2027, and continue on those dates through the September 11, 2028 maturity date.
Q: What price will investors pay for the senior notes?
A: The public price is 99.926% of principal plus accrued interest. The agents’ purchase price is 99.826% plus accrued interest from September 11, 2026.
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