John Deere Receivables LLC 8-K
Research Summary
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John Deere Receivables LLC Issues $783M Asset-Backed Notes
What Happened
John Deere Receivables LLC announced that John Deere Owner Trust 2026‑B issued a series of Class A asset-backed notes on July 22, 2026. The issuance totaled approximately $782.95 million, comprised of: $226,500,000 of Class A-1 notes; $203,520,000 of Class A-2A notes; $50,000,000 of Class A-2B notes; $253,520,000 of Class A-3 notes; and $49,410,000 of Class A-4 notes. The offering was made under a registration statement on Form SF-3 (File No. 333-287776) originally filed June 4, 2025 (amended July 18, 2025) and described in a prospectus dated July 14, 2026 (filed July 16, 2026).
Key Details
- Issuer/Trust: John Deere Owner Trust 2026‑B; transaction dated July 22, 2026.
- Aggregate principal: $782,950,000 (sum of five Class A tranches listed above).
- Regulatory filings: Offered pursuant to JDRL’s Form SF-3 registration (File No. 333-287776) and prospectus filed under Rule 424(b)(5).
- Transaction documents: Final forms of the indenture, trust agreement, sale & servicing agreement and related administration and review agreements were filed as exhibits to the 8‑K.
- Financial statements/pro forma: The 8‑K indicates financial statements and pro forma information were not provided in this filing.
Why It Matters
This filing documents a securitization transaction that raises funding through the sale of receivables-backed notes—an important financing tool for John Deere’s captive finance operations. For investors, the item is primarily relevant to holders or potential buyers of John Deere-related asset-backed securities and to those tracking the company’s funding and credit activities; it is not an equity issuance or an operational earnings report. The filing also provides the formal transaction documents for review, but it does not include separate financial statements or new earnings information.
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