Summary
Deere & Company (DE) has announced the redemption of its outstanding 8.95% Debentures due June 15, 2019. The company will redeem all of these debentures on June 15, 2009, at a price equal to 100% of their par value. This action indicates the company's proactive debt management strategy, likely aimed at optimizing its capital structure or reducing interest expenses, particularly in the prevailing economic environment of 2009. Investors holding these specific debentures should note the redemption date and follow the provided instructions for payment and surrender.
Key Highlights
- 1Deere & Company is redeeming all outstanding 8.95% Debentures due June 15, 2019.
- 2The redemption date is scheduled for June 15, 2009.
- 3The redemption price is set at 100% of the debentures' par value.
- 4The semi-annual interest payment due on June 15, 2009, will be paid normally.
- 5The announcement details the payment procedures and addresses for debenture holders to surrender their securities.