John Deere Capital Corp. is in the market with a transaction worth $998.76 million. The underwriters are JPMorgan Securities and Deutsche Bank Securities. It is from the firm's John Deere Owner Trust 2012.
The deal is divided into $ 304 million Class A-1 assigned preliminary ratings by Moody's Investors Service of 'Prime-1 (sf)'; $255 million Class A-2 'Aaa (sf)'; $343 million Class A-3 'Aaa (sf)'; and $96.76 million Class A-4 'Aaa (sf)'.
The transaction is collateralized by installment contracts and loans originated by John Deere and its subsidiaries. The deal is backed by agricultural equipment, comprising 75% of the initial pool balance, and construction equipment, making up 25% of the initial pool balance, according to a Moody's release.
For a full copy of the Securities and Exchange Commission filing related to the deal, please click here.