Deere & Co Files 8-K on Jan 13 Events
Ticker: DE · Form: 8-K · Filed: Jan 16, 2025 · CIK: 315189
Sentiment: neutral
Topics: debt, filing, corporate-action
Related Tickers: DE
TL;DR
Deere filed an 8-K on Jan 13th covering common stock and 2028 debentures.
AI Summary
Deere & Company filed an 8-K on January 16, 2025, reporting other events and financial statements as of January 13, 2025. The filing includes information about their common stock and debentures maturing in 2028.
Why It Matters
This filing provides an update on Deere & Company's corporate actions and financial instruments, which could influence investor decisions.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of corporate events and financial information without immediate significant financial implications.
Key Numbers
- 6.55% — Debenture Interest Rate (Interest rate for debentures maturing in 2028.)
- 2028 — Debenture Maturity Year (Year of maturity for the reported debentures.)
Key Players & Entities
- DEERE & CO (company) — Registrant
- January 13, 2025 (date) — Date of earliest event reported
- January 16, 2025 (date) — Filing date
- Delaware (jurisdiction) — State of incorporation
- One John Deere Place Moline, Illinois 61265 (address) — Principal executive offices
- 6.55 Percent Due 2028 (debt) — Debentures maturity
FAQ
What specific 'Other Events' are detailed in this 8-K filing?
The filing indicates 'Other Events' as an item information, but the specific details of these events are not provided in the excerpt.
What is the significance of the 'Debentures 6.55 Percent Due 2028 Member' mentioned?
This refers to a specific series of debentures issued by Deere & Company with a 6.55% interest rate, maturing in the year 2028.
What is the primary business of Deere & Company?
Deere & Company is primarily involved in the FARM MACHINERY & EQUIPMENT industry, as indicated by its Standard Industrial Classification code.
When was Deere & Company incorporated?
Deere & Company was incorporated in Delaware, as stated in the filing.
What is the filing date of this 8-K report?
This 8-K report was filed on January 16, 2025.
Filing Stats: 914 words · 4 min read · ~3 pages · Grade level 9.6 · Accepted 2025-01-16 16:10:41
Key Financial Figures
- $1 — ange on which registered Common stock, $1 par value DE New York Stock Exchang
- $1,250,000,000 — Company (the "Company") agreed to sell $1,250,000,000 aggregate principal amount of 5.450% No
- $750,000,000 — anuary 16, 2035 (the "2035 Notes"), and $750,000,000 aggregate principal amount of 5.700% No
Filing Documents
- de-20250113x8k.htm (8-K) — 48KB
- de-20250113xex1d1.htm (EX-1.1) — 261KB
- de-20250113xex4d1.htm (EX-4.1) — 43KB
- de-20250113xex4d2.htm (EX-4.2) — 44KB
- de-20250113xex5d1.htm (EX-5.1) — 17KB
- de-20250113xex5d1001.jpg (GRAPHIC) — 5KB
- de-20250113xex5d1002.jpg (GRAPHIC) — 6KB
- 0001558370-25-000246.txt ( ) — 649KB
- de-20250113.xsd (EX-101.SCH) — 4KB
- de-20250113_def.xml (EX-101.DEF) — 13KB
- de-20250113_lab.xml (EX-101.LAB) — 19KB
- de-20250113_pre.xml (EX-101.PRE) — 13KB
- de-20250113x8k_htm.xml (XML) — 7KB
01 Other Events
Item 8.01 Other Events. On January 13, 2025, Deere & Company (the "Company") agreed to sell $1,250,000,000 aggregate principal amount of 5.450% Notes due January 16, 2035 (the "2035 Notes"), and $750,000,000 aggregate principal amount of 5.700% Notes due January 19, 2055 (the "2055 Notes" and, together with the 2035 Notes, the "Notes"). In connection with the issuance and the sale of the Notes, on January 13, 2025, the Company entered into a terms agreement (the "Terms Agreement") with Barclays Capital Inc., BofA Securities, Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC and TD Securities (USA) LLC, as representatives of the underwriters named therein. Interest on the 2035 Notes is payable on January 16 and July 16 of each year, beginning on July 16, 2025, and interest on the 2055 Notes is payable on January 19 and July 19 of each year, beginning on July 19, 2025 (long first coupon). The Notes are unsecured and have the same rank as the Company's other unsecured and unsubordinated debt. The foregoing description of the Terms Agreement is qualified in its entirety by reference to the text of the Terms Agreement, a copy of which is filed herewith as Exhibit 1.1. The Notes were issued pursuant to an Indenture, dated as of September 25, 2008, between the Company and The Bank of New York Mellon. The Company may redeem the Notes in whole or in part, upon at least 15 days' notice but not more than 45 days' notice, at any time prior to maturity at the applicable redemption price described in the Final Prospectus Supplement dated January 13, 2025 (the "Final Prospectus Supplement"), as filed with the Securities and Exchange Commission (the "SEC") on January 15, 2025. The Notes were registered under the Securities Act of 1933, as amended, pursuant to the Company's Registration Statement on Form S-3 (Registration No. 333-273045), as filed with the SEC on June 30, 2023. T
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Number Description of Exhibit 1.1 Terms Agreement, dated January 13, 2025, among the Company, Barclays Capital Inc., BofA Securities, Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC and TD Securities (USA) LLC, as representatives of the underwriters named therein 4.1 Form of 5.450% Note due 2035 4.2 Form of 5.700% Note due 2055 5.1 Opinion of Kirkland & Ellis LLP 23.1 Consent of Kirkland & Ellis LLP ( contained in Exhibit 5.1 ) 104 Cover Page Interactive Data File (the cover page XBRL tags are imbedded in the Inline XBRL document) 3 Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DEERE & COMPANY By: /s/ Edward R. Berk Edward R. Berk Corporate Secretary Dated: January 16, 2025 4