DLL Closes Tenth U.S. Securitization Transaction at $837 Million

May 4, 2022

Press

Wayne, PA, May 4, 2022 – Leading global vendor finance company, DLL announced the closing of “DLLST 2022-1”, a U.S. securitization transaction issuing notes totaling USD 837 million. The notes are backed by loans and leases secured with office equipment and technology solutions.

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

“Despite volatile market conditions, we are very pleased to see that both investors who already know us and new investors put their trust and confidence in our small ticket securitization platform,” said Chris Morris, US Treasurer for DLL. “Last year, DLL was the largest equipment issuer, and this is our first Asset Backed Securities (ABS) transaction for 2022.”

“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. “We are really happy with the effective programmatic issuance since starting our securitization program in 2017 and the continued growth of our investor base.”

Annebelle Wijnen

Head of Corporate Communications

Contact me for more information.

Thank you

We will get back to you as soon as possible.