DEERE & COMPANYTerms Agreement • March 30th, 2020 • Deere & Co • Farm machinery & equipment • New York
We understand that Deere & Company (the “Company”) proposes to issue and sell $700,000,000 aggregate principal amount of its 2.750% Notes due 2025 (the “2025 Notes”), $700,000,000 aggregate principal amount of its 3.100% Notes due 2030 (the “2030 Notes”) and $850,000,000 aggregate principal amount of its 3.750% Notes due 2050 (the “2050 Notes”, and together with the 2025 Notes and the 2030 Notes, the “Underwritten Securities”). Subject to the terms and conditions set forth or incorporated by reference herein, the Company has agreed to sell to the underwriters named hereafter (the “Underwriters”), for whom BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, MUFG Securities Americas Inc. and RBC Capital Markets, LLC are acting as the Representatives (in such capacity, the “Representatives”), and the Underwriters have agreed, severally and not jointly, to purchase from the Company, the respective principal amounts of 2025 Notes, 2030
