Leading global vendor finance company, DLL, announces the closing of DLL 2019-1 ABS (Asset Backed Securities) securitization transaction in the United States for $500 Million. This is the fifth ABS transaction (and fourth in United States) for DLL since November 2017 totaling over $3.3 Billion.
This securitization is backed primarily by a portfolio of agricultural equipment loans and leases in the United States. The transaction included only AAA notes rated A1+/P1 or AAA / Aaa by Standard & Poor’s and Moody’s, respectively.
“We are pleased with continuing of expansion of our investor base in our ABS transactions which offer diversification and consistency in our business”, said Matthew Goldenberg, DLL Vice President, Capital Markets.
“DLL continues to implement our plan of diversifying our funding sources and I am proud of our achievements to date” said Marc Dierckx, DLL Chief Financial Officer and member of the Executive Board.