DLL Closes Third U.S. Securitization Transaction of 2024

Wayne, PA, August 14, 2024 - Leading global vendor finance company, DLL, announced the closing of its third U.S. Asset Backed Securitization (ABS) of 2024, “DLLMT 2024-1,” issuing notes totaling USD 750 million. Backed by loans and leases of Construction, Transportation and Industrial assets, this transaction brings DLL’s 2024 ABS issuance total to USD 2.15 billion.

The transaction is rated F1+/P-1 or AAA/Aaa by Fitch and Moody’s, respectively. “We are thrilled to complete our third ABS transaction of 2024, despite a volatile market,” said Chris Morris, U.S. Treasurer for DLL. 

Grégory Raison, CFO and Member of the DLL Executive Board added, “DLL U.S. securitization transactions are a key element of our growth strategy. I continue to be pleased with the investors’ interest and confidence in our securitization platforms which propels our ability to diversify our USD funding base.”