FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / Articles / Read Article

Print

DLL Closes Its Largest ABS Securitization Deal at $1.2 Billion

By:
Date: Oct 22, 2019 @ 07:31 AM
Filed Under: Industry News

DLL announced the closing of a DLL 2019-3 ABS (Asset Backed Securities) securitization transaction in the United States for $1.241 billion. The transaction is an inaugural securitization backed by a pool of loans and leases secured by construction, industrial and transportation equipment (CT&I).

The transaction included AAA notes rated F1+/P1 or AAA / Aaa by Fitch Ratings and Moody’s, respectively, as well as subordinated notes from AA down to BBB retained by the company.

“As our largest transaction to-date representing our CT&I business unit, this reflects a strong testament to our investors’ trust and confidence in DLL’s ABS strategy,” said Matthew Goldenberg, DLL Vice President, Capital Markets.

“This is the seventh ABS transaction (and sixth in United States) for DLL since November 2017,” added Marc Dierckx, DLL Chief Financial Officer and member of the Executive Board. “With this deal, we have reached the $5 billion milestone, which further reiterates DLL’s commitment to ABS markets and diversification of our funding sources.”



Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.