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DLL Closes Eighth U.S. Securitization Transaction at $1B

July 29, 2021, 07:23 AM
Filed Under: Industry News

Global vendor finance company DLL announced the closing of “DLLAD 2021-1,” a U.S. securitization transaction issuing notes totaling $1 billion. The notes are backed by loans and leases secured with food- and agriculture-related equipment.

The transaction is rated F1+/P-1 or AAA/Aaa by Fitch Ratings and Moody’s, respectively.

“We are very pleased that, despite a busy new issue U.S. ABS (Asset Backed Securities) market, investors continued to put trust and confidence in our portfolio. This securitization saw the highest number of investors for a DLL U.S. ABS transaction so far.” said Chris Morris, U.S. Treasurer at DLL.

Marc Dierckx, DLL Chief Financial Officer and member of the Executive Board, added. “With our securitization strategy we aim to diversify our funding base. Our investor base is growing and well balanced. In total we have more than doubled the number of investors investing in DLL over the past three years. Considering the effects of the Coronavirus pandemic on the securitization market, this is something to be really proud of."

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