Attached files

file filename
EX-23.2 - EX-23.2 - John Deere Owner Trust 2021-Bd203050dex232.htm
EX-8.1 - EX-8.1 - John Deere Owner Trust 2021-Bd203050dex81.htm
EX-5.2 - EX-5.2 - John Deere Owner Trust 2021-Bd203050dex52.htm
EX-5.1 - EX-5.1 - John Deere Owner Trust 2021-Bd203050dex51.htm
8-K - 8-K - John Deere Owner Trust 2021-Bd203050d8k.htm

Exhibit 8.2

 

Joe R. Lane (1858-1931)

Charles M. Waterman (1847-1924)

Robert V. P. Waterman, Jr.

R. Scott Van Vooren

Richard A. Davidson

Michael P. Byrne

Theodore F. Olt III

Judith L. Herrmann

Robert B. McMonagle

Joseph C. Judge

Jason J. O’Rourke

Troy A. Howell

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

Kurt P. Spurgeon

Joshua J. McIntyre

Brett R. Marshall

Timothy B. Gulbranson

Alexander C. Barnett

Eric M. Hartmann

Maegan M. Gorham

Grace E. Mangieri

David C. Waterman*

  

 

LOGO

 

220 North Main Street, Suite 600

Davenport, Iowa 52801-1953

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 21, 2021

  

Austin R. Lenz*

Jenny L. Juehring

Thomas J. Bush*

Michelle M. Weiser**

 

Registered Patent Attorney

Kathryn E. Cox±*

 

Of Counsel

Thomas N. Kamp*

C. Dana Waterman III*

James A. Mezvinsky*

David A. Dettmann*

Terry M. Giebelstein

Diane M. Reinsch*

Jeffrey B. Lang

Edmund H. Carroll

Courtney M. Kay-Decker

Kyle R. Day

 

Admitted in Iowa and Illinois

 

* Only Admitted in Iowa

**Admitted in New York

± Admitted in Florida

 

Illinois Office

3551 7th Street, Suite 110

Moline, IL 61265

 

           JOHN DEERE CAPITAL CORPORATION    JOHN DEERE RECEIVABLES LLC           
  10587 Double R. Blvd., Suite 100    10587 Double R. Blvd., 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, 6th Floor    745 Seventh Avenue  
  New York, NY 10020    New York, NY 10019  
  CREDIT AGRICOLE SECURITIES (USA) INC.    BofA SECURITIES, INC.  
  1301 Avenue of the Americas    One Bryant Park, 11th Floor  
  New York, NY 10019    New York, NY 10036  
  RBC CAPITAL MARKETS, LLC     
  200 Vesey Street     
  New York, NY 10281     
 

        RE:    REGISTRATION STATEMENT ON FORM SF-3

                  REGISTER JOHN DEERE OWNER TRUST 2021-B

 
                    (the “Registration Statement”)     
      


LOGO

JOHN DEERE CAPITAL CORPORATION

JOHN DEERE RECEIVABLES LLC

WELLS FARGO DELAWARE TRUST COMPANY, N.A.

U.S. BANK NATIONAL ASSOCIATION

MUFG SECURITIES AMERICAS INC.

BARCLAYS CAPITAL INC.

BofA SECURITIES, INC.

CREDIT AGRICOLE SECURITIES (USA) INC.

RBC CAPITAL MARKETS, LLC

July 21, 2021

Page 2

 

Ladies and Gentlemen:

We have acted as special Iowa tax counsel for John Deere Owner Trust 2021-B (the “Trust”) and John Deere Receivables LLC, a Nevada limited liability company (“JDRL”), in connection with the Registration Statement on Form SF-3, as amended (the “Registration Statement”), filed by JDRL 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 21, 2021, between the Trust and U.S. Bank National Association, a national banking association (“Indenture Trustee”), substantially in the form of Exhibits “D”, “E”, “F” and “G” thereto. The Certificates are to be issued substantially in the form of Exhibit “A” to the Trust Agreement dated July 20, 2021, between Wells Fargo Delaware Trust Company, N.A., as Owner Trustee, and JDRL, as Depositor. Capitalized terms used but not defined herein shall have the respective meanings ascribed to them in the Underwriting Agreement dated July 13, 2021 among JDRL, John Deere Capital Corporation, MUFG Securities Americas Inc. (“MUFG”), Barclays Capital Inc. (“Barclays”), BofA Securities, Inc. (“BofA”), Credit Agricole Securities (USA) Inc. (“Credit Agricole”), and RBC Capital Markets, LLC (“RBC”), on their own behalf and with respect to MUFG, Barclays, BofA and Credit Agricole, 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 LLC

WELLS FARGO DELAWARE TRUST COMPANY, N.A.

U.S. BANK NATIONAL ASSOCIATION

MUFG SECURITIES AMERICAS INC.

BARCLAYS CAPITAL INC.

BofA SECURITIES, INC.

CREDIT AGRICOLE SECURITIES (USA) INC.

RBC CAPITAL MARKETS, LLC

July 21, 2021

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