Deere Funding Canada to sell USD 300 million of 4.85% notes due 2031 - DE News | RalliesDeere Funding Canada to sell USD 300 million of 4.85% notes due 2031
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DE• Deere Funding Canada to issue notes backed by Deere & Co guarantee
- Deere Funding Canada Corporation agreed to sell USD 300 million of 4.85% notes due July 15, 2031, backed by a senior unsecured Deere & Co guarantee.
- Interest payments are set for Jan. 15 and July 15, starting Jan. 15, 2027; the notes will rank with the issuer’s other unsecured, unsubordinated debt.
- Redemption is allowed before maturity with 15–45 days’ notice; a full redemption option is tied to certain Canada-related tax developments.
