debt
confidence high
sentiment neutral
materiality 0.50
Deere issues $2B in notes: $1.25B of 5.45% notes due 2035, $750M of 5.70% notes due 2055
DEERE & CO
- Aggregate $2B principal: $1.25B 5.450% Notes due Jan 16, 2035; $750M 5.700% Notes due Jan 19, 2055.
- Underwriters include Barclays, BofA, Citigroup, HSBC, J.P. Morgan, MUFG, RBC, and TD Securities.
- Interest payable semi-annually starting July 2025; notes unsecured and rank equally with other unsecured debt.
- Company may redeem notes at any time prior to maturity on 15-45 days' notice at specified redemption prices.