John Deere is planning another $1 billion securitization of equipment loans and leases, according to a regulatory filing.
The trust will issue four classes of senior notes and a single class of subordinate notes. The preliminary prospectus did not indicate the size of the individual tranches or the exact name of the trust.
The equipment manufacturer was last in the market in April with a $1 billion deal, John Deere Owner Trust 2014. The notes were backed by a pool of agricultural and construction equipment retail installment sale and loan contracts secured by new and used agricultural and construction equipment. Prior to that, it issued an $849 million equipment loan securitization in August of 2013.