John Deere is preparing its second securitization of equipment loans of 2016, according to Fitch Ratings.

The deal, John Deere Owner Trust 2016-B, will issue $774.57million of notes: a $243.6 million tranche of money market notes and three other senior tranches totaling $511.6 million with preliminary ‘AAA’ ratings from Fitch. All four tranches benefit from 3.5% credit enhancement.

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