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John Deere To Raise $750M
John Deere Capital, the equipment-financing unit of Deere & Company, is raising $750 million in a sale of medium-term notes in two parts.
John Deere Capital, the equipment-financing unit ofDeere & Company, is raising $750 million in a sale of medium-term notes in two parts,The Wall Street Journalreports.Bank of America Merrill Lynch,BarclaysandJP Morganare the joint bookrunning managers for the deal.
The $250 million notes to be sold in the first tranche are due to mature on March 3, 2014. The $750 million notes sold in the second tranche carry a coupon rate of 1.60% and are due to mature on March 3, 2014.
Click here for the story fromThe Wall Street Journal.
Click here for additional coverage fromReuters.