Deere & Co. Announces $300M Sale of 4.85% Notes Due 2031

What Happened Deere & Company’s indirect, wholly owned subsidiary Deere Funding Canada Corporation sold $300,000,000 aggregate principal amount of 4.850% notes due July 15, 2031. The notes were issued on July 10, 2026 and are fully and unconditionally guaranteed on a senior unsecured basis by Deere & Company. Interest is payable semiannually on January 15 and July 15, beginning January 15, 2027.

Key Details

• Issuer: Deere Funding Canada Corporation (indirect, wholly owned subsidiary). Guarantor: Deere & Company.
• Size & rate: $300,000,000 principal; 4.850% fixed interest; maturity July 15, 2031.
• Ranking & security: Unsecured senior notes; guarantee is Deere & Company’s senior unsecured obligation and ranks equally with its other senior unsecured debt.
• Other terms: Notes issued under the June 15, 2020 indenture; redemption: issuer may redeem in whole/part with 15–45 days’ notice prior to maturity; issuer or guarantor may redeem in whole for certain tax events at 100% of principal plus accrued interest.
• Offering mechanics: Terms agreement with underwriters executed July 10, 2026; securities registered under Form S-3 with prospectus supplements filed (preliminary July 10, final filed July 13, 2026). Legal opinions for the issuance were filed as exhibits.

Why It Matters This transaction adds $300 million of senior unsecured debt to Deere’s consolidated capital structure and creates a fixed semiannual interest obligation at a 4.85% coupon through mid‑2031. For investors, key takeaways are the amount, interest cost and maturity profile (affecting leverage and interest expense over the next five years), plus the fact that the notes are guaranteed by Deere & Company and rank pari passu with other senior unsecured obligations.