John Deere Capital Corp. priced its $851.42 million equipment lease-backed securitization, according to final term sheet filed with the U.S. Securities and Exchange Commission today.

The deal, John Deere Owner Trust 2013 is underwritten by Citigroup, Barclays, Deutsche Bank, BofA Merrill Lynch and Mitsubishi UFG Securities.

The transaction is backed by agricultural and construction equipment retail installment sale and loan contracts that are secured by new and used; agricultural and construction equipment.

The deal’s $262 million Class A-1 money market tranche yields 0.25%. The notes are rated ‘F1’ by Fitch Ratings and ‘Prime-1’ by Moody’s Investor’s Service.

The deal has three triple-A rated tranches: the $250 million Class A-2 notes, which mature in September 2015, yield 0.41%; the $250 million Class A-3 notes, which mature in March 2017, yield 0.60%; and the $89.4 million Class A-4 notes, which mature in July 2019, yield 0.77%.

 

 

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