Shearman & Sterling represented John Deere Owner Trust 2013-B, as the issuing entity, John Deere Receivables, Inc., as the seller and depositor, and John Deere Capital Corporation, as the sponsor and servicer, in connection with the issuance and sale of approximately $848.6 million of asset-backed notes. The notes are backed by agricultural and construction equipment retail installment sale and loan contracts secured by new and used agricultural and construction equipment, the security interests in the equipment financed thereby and the proceeds thereof (the “receivables”). John Deere Capital Corporation purchased the receivables from Deere & Company and John Deere Construction & Forestry Company.
John Deere is a world leader in providing advanced products and services for agriculture, forestry, construction, lawn and turf care, landscaping and irrigation. John Deere also provides financial services worldwide and manufactures and markets engines used in heavy equipment.
The following Shearman & Sterling lawyers advised on this transaction: partners Stuart Fleischmann (New York-Capital Markets) and Laurence Bambino (New York-Tax); of counsel Reade Ryan (New York-Finance) and Paul Schreiber (New York-Investment Funds); counsel Sharon Lippett (New York-Executive Compensation & Employee Benefits); and associates Grissel Mercado (New York-Capital Markets), James Cotton (New York-Capital Markets), Bejidé Davis (New York-Corporate), Douglas Jones (New York-Tax) and Nina Garnham (London-Investment Funds).
