Wayne, PA, May 24, 2023 – Leading global vendor finance company, DLL announced the closing of “DLLMT 2023-1”, the second U.S. securitization transaction this year, issuing notes totaling USD 850 million. 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 and Moody’s, respectively.
“This is our second Asset Backed Securities (ABS) transaction this year. Despite challenging market circumstances, we saw an increase in the number of investors compared to our last mid ticket securitization transaction in November 2021. This highlights the continued interest in DLL ABS programs.” said Chris Morris, US Treasurer for DLL.
Carlo van Kemenade, CEO and Chairman of the DLL Executive Board added: “We are grateful for the growing base of investors who put their trust and confidence in our securitization platform. As we have indicated before, these kind of securitization transactions will continue to be a part of DLL’s long-term growth strategy to diversify our USD funding base.”
