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

November 04, 2021, 07:25 AM
Filed Under: Industry News

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

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

“We are very pleased that investors continue to put their trust and confidence in our company,” said Chris Morris, U.S. Treasurer for DLL. “With this being our third ABS transaction this year, DLL has now issued over $3 billion in notes in total, making the company the largest equipment Asset Backed Securities (ABS) issuer year to date in 2021.”

“Our securitization transactions will continue to be a part of DLL’s long-term growth strategy to diversify our funding base and liquidity risk,” said Marc Dierckx, DLL Chief Financial Officer and member of the Executive Board. “With this transaction, we once again attracted new investors and remain very pleased with the level of activity and interest in DLL.”

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