John Deere is planning an $848.6 million securitization of agricultural and construction equipment loans, according to a filing with the Securities and Exchange Commission.
Merrill Lynch, Pierce, Fenner & Smith, HSBC Securities, RBC Capital Markets, Barclays Capital and Mitsubishi UFJ Securities are the underwriters.
The deal, John Deere Owner Trust 2013-B, consists of $257 million of notes due September 2014, $227 million of notes due January 2016, $277 million of notes due August 2017, and $87.6 million of notes due December 2019.
John Deere, the world's largest manufacturer of farm equipment, last tapped the securitization market in April, when it priced $851 million of equipment loan-backed securities.
