John Deere Owner Trust 2025 | EXHIBIT 99.2 | |||
Statement to Certificateholders | | |||
| | |||
$193,000,000 Class A-1 4.43300% Asset Backed Notes due March 16, 2026 | | |||
$100,000,000 Class A-2A 4.23% Asset Backed Notes due March 15, 2028 | | |||
$171,000,000 Class A-2B Floating Rate Asset Backed Notes due March 15, 2028 | | |||
$231,000,000 Class A-3 4.23% Asset Backed Notes due September 17, 2029 | | |||
$59,747,000 Class A-4 4.42% Asset Backed Notes due February 17, 2032 | | |||
$19,352,434 Overcollateralization | | |||
| | |||
One-Month SOFR as of the SOFR Determination Date: | 3.59301% | |||
Class A-2B interest rate: | 3.88301% | |||
| | |||
Payment Date: | 15-Jul-26 | |||
| | |||
(1) | Amount of principal being paid or distributed: | | ||
| | |||
| (a) | Class A-1 Notes: | $0.00 | |
| | per $1,000 original principal amount: | $0.00 | |
| | |||
| (b) | Class A-2A Notes: | $4,843,349.31 | |
| | per $1,000 original principal amount: | $48.43 | |
| | |||
| (c) | Class A-2B Notes: | $8,282,127.31 | |
| | per $1,000 original principal amount: | $48.43 | |
| | |||
| (d) | Class A-3 Notes: | $0.00 | |
| | per $1,000 original principal amount: | $0.00 | |
| | |||
| (e) | Class A-4 Notes: | $0.00 | |
| | per $1,000 original principal amount: | $0.00 | |
| | |||
| (f) | Total: | $13,125,476.62 | |
| | |||
(2) | (a) | Amount of interest being paid or distributed: | | |
| | |||
| | (i) | Class A-1 Notes: | $0.00 |
| | | per $1,000 original principal amount: | $0.00 |
| | |||
| | (ii) | Class A-2A Notes: | $156,447.63 |
| | | per $1,000 original principal amount: | $1.56 |
| | |||
| | (iii) | Class A-2B Notes: | $245,580.13 |
| | | per $1,000 original principal amount: | $1.44 |
| | |||
| | (iv) | Class A-3 Notes: | $814,275.00 |
| | | per $1,000 original principal amount: | $3.53 |
| | |||
| | (v) | Class A-4 Notes: | $220,068.12 |
| | | per $1,000 original principal amount: | $3.68 |
| | |||
| | (vi) | Total: | $1,436,370.88 |
| | |||
(3) | (a) | Pool Balance (excluding accrued interest) at end of related Collection Period: | $431,639,790.41 | |
| | |||
| (b) | Note Value at end of related Collection Period: | $417,250,005.61 | |
| | |||
| (c) | Amount of Overcollateralization (Note Value less the aggregate principal amount of Notes) at end of related Collection Period: | $19,352,434.00 | |
| | |||
(4) | After giving effect to distributions on this Payment Date: | | ||
| | |||
| (a) | (i) | Outstanding Principal Amount of Class A-1 Notes: | $0.00 |
| | (ii) | A-1 Note Pool Factor: | 0.0000000 |
| | |||
| (b) | (i) | Outstanding Principal Amount of Class A-2A Notes: | $39,538,956.14 |
| | (ii) | A-2A Note Pool Factor: | 0.3953896 |
1
| | |||
| (c) | (i) | Outstanding Principal Amount of Class A-2B Notes: | $67,611,615.00 |
| | (ii) | A-2B Note Pool Factor: | 0.3953896 |
| | |||
| (d) | (i) | Outstanding Principal Amount of Class A-3 Notes: | $231,000,000.00 |
| | (ii) | A-3 Note Pool Factor: | 1.0000000 |
| | |||
| (e) | (i) | Outstanding Principal Amount of Class A-4 Notes: | $59,747,000.00 |
| | (ii) | A-4 Note Pool Factor: | 1.0000000 |
| | |||
(5) | (a) | Amount of Servicing Fee: | $371,909.07 | |
| | (i) | per $1,000 original principal amount: | $0.45 |
| (b) | Amount of Servicing Fee earned: | $371,909.07 | |
| (c) | Amount of Servicing Fee paid: | $371,909.07 | |
| (d) | Amount of Servicing Fee Shortfall: | $0.00 | |
| | |||
(6) | Amount of Administration Fee: | $100.00 | ||
| | |||
(7) | Amount paid to Indenture Trustee: | $0.00 | ||
| | |||
(8) | Amount paid to Owner Trustee: | $0.00 | ||
| | |||
(9) | Amount paid to Asset Representations Reviewer: | | ||
| (a) | Section 5.04 (iii) - Asset Representations Review Fees | $0.00 | |
| (b) | Section 5.04 (ix) - Asset Representations Review Fees | $0.00 | |
| | |||
(10) | Amount paid to Certificateholder: | $1,262,947.91 | ||
| | |||
(11) | (i) | Amount in Reserve Account: | $7,740,994.34 | |
| (ii) | Specified Reserve Account Balance: | $7,740,994.34 | |
| | |||
(12) | (i) | Payoff Amount of Receivables 60 days or more past due: | $8,688,579.35 | |
| (ii) | Payoff Amount of Receivables 60 days or more past due as a % of the Pool Balance: | 2.01% | |
| | |||
(13) | (i) | Aggregate amount of net losses for the collection period: | ($31,788.44) | |
| (ii) | Cumulative amount of net losses: | $2,252,027.64 | |
| (iii) | Cumulative net loss as a percent of Initial Pool Balance (Cumulative Net Loss Ratio): | 0.27% | |
| | |||
(14) | (a) | Number of Receivables that were the subject of a repurchase demand in the related Collection Period: | | |
| | (i) | Aggregate Principal Balance of Receivables: | $0.00 |
| | (ii) | % of Pool Balance: | 0.00% |
| | |||
| (b) | Number of Purchased Receivables in the related Collection Period: | | |
| | (i) | Aggregate Principal Balance of Purchased Receivables: | $101,970.66 |
| | (ii) | % of Pool Balance: | 0.02% |
| | |||
| (c) | Number of Receivables pending repurchase (within cure period) in the related Collection Period: | | |
| | (i) | Aggregate Principal Balance of Receivables: | $0.00 |
| | (ii) | % of Pool Balance: | 0.00% |
| | |||
| (d) | Number of repurchase demands in dispute in the related Collection Period: | | |
| | (i) | Aggregate Principal Balance of Receivables: | $0.00 |
| | (ii) | % of Pool Balance: | 0.00% |
| | |||
| (e) | Number of repurchase demands withdrawn in the related Collection Period: | | |
| | (i) | Aggregate Principal Balance of related Receivables: | $0.00 |
| | (ii) | % of Pool Balance: | 0.00% |
| | |||
| (f) | Number of repurchase demands rejected in the related Collection Period: | | |
| | (i) | Aggregate Principal Balance of related Receivables: | $0.00 |
| | (ii) | % of Pool Balance: | 0.00% |
2