Fri, Jan 24, 3:23 PM (24 days ago)
The 10-K report for John Deere Owner Trust 2023-B, filed for the fiscal year ending October 27, 2024, outlines the entity's financial performance and operational framework. The trust, associated with John Deere Receivables LLC and John Deere Capital Corporation, primarily focuses on financing retail purchases of equipment. Key financial metrics include revenue and net income figures, although specific amounts are not disclosed in this summary. Operating expenses and earnings per share details are also omitted. The report emphasizes compliance with applicable servicing criteria, indicating a strong operational foundation. Strategically, the trust operates within a robust market position, leveraging its affiliation with Deere & Company. Future outlook remains positive, contingent upon market conditions and continued demand in the agricultural and construction sectors. Risk factors include potential economic fluctuations impacting equipment sales and receivables performance. The financial condition appears stable, with no material legal proceedings reported that could adversely impact investors. Changes from previous filings include updated compliance reports from independent auditors, affirming adherence to servicing criteria. This report serves as a critical resource for portfolio managers and finance professionals assessing investment opportunities within this sector.