Attached files

file filename
EX-23.2 - EX-23.2 - John Deere Owner Trust 2017-Bd425956dex232.htm
EX-8.1 - EX-8.1 - John Deere Owner Trust 2017-Bd425956dex81.htm
EX-5.2 - EX-5.2 - John Deere Owner Trust 2017-Bd425956dex52.htm
EX-5.1 - EX-5.1 - John Deere Owner Trust 2017-Bd425956dex51.htm
8-K - FORM 8-K - John Deere Owner Trust 2017-Bd425956d8k.htm

Exhibit 8.2

 

Joe R. Lane (1858-1931)

Charles M. Waterman (1847-1924)

Terry M. Giebelstein*

Curtis E. Beason

Robert V. P. Waterman, Jr.*

R. Scott Van Vooren*

Richard A. Davidson*

Michael P. Byrne*

Edmund H. Carroll*

Theodore F. Olt III*

Jeffrey B. Lang*

Judith L. Herrmann*

Robert B. McMonagle*

Christopher J. Curran*

Joseph C. Judge*

Jason J. O’Rourke*

Troy A. Howell*

Diane M. Reinsch*

Mikkie R. Schiltz*

Diane E. Puthoff*

Wendy S. Meyer*

Ian J. Russell*

Benjamin J. Patterson*

Douglas R. Lindstrom, Jr.*

Abbey C. Furlong*

Samuel J. Skorepa*

  

 

LOGO

 

220 North Main Street, Suite 600

Davenport, Iowa 52801-1987

Telephone (563) 324-3246

Fax (563) 324-1616

 

Writer’s Direct Dial: (563) 333-6630

E-Mail Address: bmarshall@l-wlaw.com

www.L-WLaw.com

 

July 18, 2017

   Kurt P. Spurgeon*

Joshua J. McIntyre*

Brett R. Marshall*

Kyle R. Day*

Andrea D. Mason*

Timothy B. Gulbranson*

Trista M. Beise*

Alex C. Barnett

 

Registered Patent Attorney

April A. Price*

 

Of Counsel

Robert A. Van Vooren*

Thomas N. Kamp

C. Dana Waterman III

Charles E. Miller*

James A. Mezvinsky

David A. Dettmann*

Jeffrey W. Paul

 

        *Also Admitted in Illinois

 

Illinois Office

3551 7th Street, Suite 110

Moline, IL 61265

 

  JOHN DEERE CAPITAL CORPORATION    JOHN DEERE RECEIVABLES, INC.
  10587 Double R Boulevard, Suite 100    10587 Double R Boulevard, Suite 100
  Reno, NV 89521    Reno, NV 89521
  Attention: Manager    Attention: Manager
  WELLS FARGO DELAWARE TRUST    U.S. BANK NATIONAL ASSOCIATION
  COMPANY, N.A.    190 South LaSalle Street, 7th Floor
  919 North Market Street, Suite 1600    Mail Code MK-IL-SL7R
  Wilmington, DE 19801    Chicago, IL 60603
     Attention: Corporate Trust Administration
  MUFG SECURITIES AMERICAS INC.    BARCLAYS CAPITAL INC.
  1221 Avenue of the Americas    745 Seventh Avenue
  New York, NY 10020    New York, NY 10019
  CITIGROUP GLOBAL MARKETS INC.    TD SECURITIES (USA) LLC
  388 Greenwich Street    31 West 52nd Street
  New York, NY 10013    New York, NY 10019
  CREDIT AGRICOLE SECURITIES (USA) INC.   
  1301 Avenue of the Americas   
  New York, NY 10019   

 

  RE: REGISTRATION STATEMENT ON FORM SF-3
       REGISTER JOHN DEERE OWNER TRUST 2017-B
       (the “Registration Statement”)

Ladies and Gentlemen:


LOGO

JOHN DEERE CAPITAL CORPORATION

JOHN DEERE RECEIVABLES, INC.

WELLS FARGO DELAWARE TRUST COMPANY, N.A.

U.S. BANK NATIONAL ASSOCIATION

MUFG SECURITIES AMERICAS INC.

BARCLAYS CAPITAL INC.

CITIGROUP GLOBAL MARKETS INC.

TD SECURITIES (USA) LLC

CREDIT AGRICOLE SECURITIES (USA) INC.

July 18, 2017

Page 2

We have acted as special Iowa tax counsel for John Deere Owner Trust 2017-B (the “Trust”) and John Deere Receivables, Inc., a Nevada corporation (“JDRI”), in connection with the Registration Statement on Form SF-3, as amended (the “Registration Statement”), filed by JDRI on behalf of the Trust with the Securities and Exchange Commission under the Securities Act of 1933, as amended, with respect to the issuance by the Trust of Asset Backed Notes (the “Notes”) and Asset Backed Certificates (the “Certificates”). The Notes are to be issued pursuant to an Indenture dated as of July 18, 2017, between the Trust and U.S. Bank National Association, a national banking association (“Indenture Trustee”), substantially in the form of Exhibits “D”, “E”, “F”, “G” and “H” thereto. The Certificates are to be issued substantially in the form of Exhibit “A” to the Trust Agreement dated July 17, 2017, between Wells Fargo Delaware Trust Company, N.A., as Owner Trustee, and JDRI, as Depositor. Capitalized terms used but not defined herein shall have the respective meanings ascribed to them in the Underwriting Agreement dated July 11, 2017 among John Deere Capital Corporation; JDRI; MUFG Securities Americas Inc.; Barclays Capital Inc; and Citigroup Global Markets Inc., on their own behalf and as representatives of the underwriters named therein.

In connection with this opinion, we have examined originals or copies, certified or otherwise identified to our satisfaction, of (i) the Registration Statement; (ii) the Prospectus included in the Registration Statement; (iii) the Preliminary Prospectus included in the Registration Statement; (iv) the Indenture; (v) the Trust Agreement; (vi) the Sale and Servicing Agreement; (vii) the Administration Agreement; (viii) the Asset Representations Review Agreement; and (ix) the Purchase Agreement (collectively the “Documents”). As to any facts material to the opinion expressed herein, we have relied solely upon the factual matters contained in the representations and statements made in the Documents and we have not independently established or verified their accuracy. We have assumed the genuineness of all signatures, the legal capacity of all natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as certified or photostatic copies and the authenticity of the originals of such copies. We have also assumed the due execution and delivery pursuant to due authorization by each of the entities party to the Documents.

We are members of the Bar of the State of Iowa, and we express no opinion as to the laws of any jurisdiction other than the laws of the United States of America and the State of Iowa.


LOGO

JOHN DEERE CAPITAL CORPORATION

JOHN DEERE RECEIVABLES, INC.

WELLS FARGO DELAWARE TRUST COMPANY, N.A.

U.S. BANK NATIONAL ASSOCIATION

MUFG SECURITIES AMERICAS INC.

BARCLAYS CAPITAL INC.

CITIGROUP GLOBAL MARKETS INC.

TD SECURITIES (USA) LLC

CREDIT AGRICOLE SECURITIES (USA) INC.

July 18, 2017

Page 3

We hereby confirm that the statements set forth in the Preliminary Prospectus and the Prospectus forming a part of the Registration Statement under the caption “CERTAIN IOWA TAX CONSIDERATIONS” accurately describe the material Iowa income tax consequences to holders of the offered Notes and the Certificates.

We know that we are referred to under the headings “CERTAIN IOWA TAX CONSIDERATIONS” and “LEGAL OPINIONS” in the Preliminary Prospectus and the Prospectus and we hereby consent to the use of our name therein.

 

Very truly yours,
/s/ Lane & Waterman LLP
LANE & WATERMAN LLP