John Deere (NYSE:DE) Capital Corp, the financial services arm of the agricultural machinery producer, has issued a total of $900 million in fixed-rate senior notes, according to a recent 8-K filing with the Securities and Exchange Commission. The issuance, dated January 9, 2025, comprises $400 million of 4.500% notes due January 8, 2027, and $500 million of 4.650% notes due January 7, 2028.
The notes were issued under the company's automatic shelf registration statement, previously amended on May 23, 2023. Legal opinions and consents related to the issuance were provided by Kirkland & Ellis LLP, as documented in the filing's exhibits.
John Deere Capital Corp, headquartered in Madison, Wisconsin, operates under the short-term business credit institutions industry and is incorporated in Delaware. The company's fiscal year ends on October 27.
This capital raise follows the company's strategic financing activities and is set to mature in 2027 and 2028 respectively. The notes are registered and are trading on the New York Stock Exchange under the symbol "JDCC 31".
Investors and market watchers often view such financial moves as a means for corporations to secure capital for various business needs, including expansion, debt refinancing, or other corporate purposes.
The information for this article is based on a press release statement. John Deere Capital Corporation has not provided any additional comments on the use of proceeds from these notes or any future financial strategies. The company's business phone number is listed as (800) 438-7394, and its principal executive offices are located at P.O. Box 5328, Madison, Wisconsin, 53705-0328.
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