John Deere is set to bring its second construction and agricultural equipment deal of the year to the US ABS market after filing a 15-G form Monday morning.
The Springfield, Massachusetts headquartered company last issued in March, raising $1.351bn in a deal — JDOT 2024-A — that landed tight of guidance across the capital stack. RBC is the structuring lead on this deal, with Bank of America, Goldman Sachs, and TD Securities acting as joint leads.
In the small-mid ticket corner of the equipment ABS world, Clicklease filed a 15-G on Friday for what would be its ABS debut. The West Valley City, Utah based company provides equipment financing to small businesses. Atlas AP is the sole structuring lead on this deal.
Elsewhere, Merchants Automotive Group is bringing a deal backed by fleet leases — having filed its 15-G on Friday morning. This will be the company's second deal ever, with the company having previously raised $400m back in October.
BNP Paribas is the structuring lead on the deal, with BMO Capital Markets as a joint lead.