Deere & Company (NYSE: DE) to sell $300M 4.850% notes due 2031
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Deere & Company states that its indirect, wholly owned subsidiary Deere Funding Canada Corporation agreed on July 10, 2026 to sell $300,000,000 aggregate principal amount of 4.850% Notes due July 15, 2031. The Notes are unsecured obligations of the Issuer and are fully and unconditionally guaranteed on a senior unsecured basis by Deere & Company, ranking equally with each party’s other senior unsecured indebtedness.
Interest on the Notes is payable on January 15 and July 15 of each year, beginning January 15, 2027. The Issuer may redeem the Notes in whole or in part before maturity with 15 to 45 days’ notice at a redemption price described in the Final Prospectus Supplement, and the Issuer or Guarantor may redeem all of the Notes at 100% of principal plus accrued interest upon specified tax-related events. The Securities are issued under an Indenture dated June 15, 2020 and are registered under a Registration Statement on Form S-3.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Notes Offering Size: $300,000,000 aggregate principal amount
Coupon Rate: 4.850%
Maturity Date: July 15, 2031
+5 more
8 metrics
Notes Offering Size
$300,000,000 aggregate principal amount
4.850% Notes due July 15, 2031 sold by Deere Funding Canada Corporation
Coupon Rate
4.850%
Interest rate on the Notes due July 15, 2031
Maturity Date
July 15, 2031
Scheduled maturity of the 4.850% Notes
Interest Payment Dates
January 15 and July 15 each year
Semiannual interest payments beginning January 15, 2027
First Interest Payment
January 15, 2027
Initial interest payment date on the Notes
Optional Redemption Notice Period
15 to 45 days
Notice required before optional redemption prior to maturity
Registration Statement Date
June 17, 2026
Date Form S-3 registration statement was filed with the SEC
Indenture Date
June 15, 2020
Date of Indenture governing the Securities
Key Terms
senior unsecured, Indenture, Registration Statement on Form S-3, Final Prospectus Supplement, +1 more
5 terms
senior unsecured financial
"The Guarantee will be the Guarantor’s senior unsecured obligation"
Senior unsecured is a type of loan or bond that has priority over other unsecured obligations for repayment if a company runs into financial trouble, but it is not backed by specific assets as collateral. Think of it as being near the front of a line to get paid, but without a pledged item to seize if the borrower defaults; that higher repayment priority typically makes it less risky than subordinated debt but more risky than secured debt, which influences the interest rate investors demand.
Indenture financial
"The Securities were issued pursuant to an Indenture, dated as of June 15, 2020"
An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.
Registration Statement on Form S-3 regulatory
"pursuant to the Issuer’s and Guarantor’s Registration Statement on Form S-3"
A registration statement on Form S‑3 is a short, standardized filing a qualified public company uses to register new securities with regulators so they can be sold to investors; think of it as a pre-approved, reusable permission slip that speeds up future offerings. It matters to investors because it lets the company raise money more quickly and cheaply — which can fund growth or pay debt — but may also lead to share dilution or change in ownership, so it affects value and liquidity.
Final Prospectus Supplement regulatory
"at the applicable redemption price described in the Final Prospectus Supplement"
A final prospectus supplement is the definitive document that completes a public securities offering, spelling out the exact terms, number and price of shares or bonds being sold, key risks, and how the proceeds will be used. Investors treat it like the final recipe or instruction sheet for an investment: it replaces earlier drafts and provides the binding, detailed information needed to judge the value and risk before committing funds.
Free Writing Prospectus regulatory
"a Free Writing Prospectus dated July 10, 2026"
A free writing prospectus is any written communication about a public securities offering that supplements the formal registration document and is delivered to potential investors without being filed in full in the official registration statement. It matters because it can include up-to-the-minute details, risks, or projections that affect how investors value the offering—think of it as a real-time update or flyer that adds important context beyond the static, formal brochure.
FAQ
What new debt did Deere & Company (DE) announce through Deere Funding Canada?
Deere Funding Canada Corporation agreed to sell $300,000,000 of 4.850% Notes due July 15, 2031. These Notes are unsecured obligations of the Issuer and are fully and unconditionally guaranteed on a senior unsecured basis by Deere & Company.
What is the interest rate and payment schedule on Deere (DE) 4.850% Notes due 2031?
The Notes carry a fixed 4.850% interest rate, with interest payable on January 15 and July 15 each year. Payments begin on January 15, 2027, resulting in semiannual interest throughout the life of the Notes.
How are the new Deere (DE) Notes ranked and guaranteed?
The 4.850% Notes are unsecured and rank equally with Deere Funding Canada’s other unsecured and unsubordinated debt. They are fully and unconditionally guaranteed on a senior unsecured basis by Deere & Company, ranking equally with its other senior unsecured indebtedness.
Can Deere Funding Canada or Deere (DE) redeem the 4.850% Notes early?
Yes. The Issuer may redeem the Notes in whole or in part before maturity, with 15 to 45 days’ notice, at a redemption price described in the Final Prospectus Supplement. Additionally, the Issuer or Guarantor may redeem all Notes at 100% of principal plus accrued interest upon certain tax-related events.
Under what regulatory framework were Deere (DE) 4.850% Notes registered?
The Securities were registered under the Securities Act of 1933 pursuant to a Registration Statement on Form S-3 (Nos. 333-296865 and 333-296865-01), filed with the SEC on June 17, 2026, covering this public offering of Notes and related guarantee.