Wayne, PA, February 2, 2023 – Leading global vendor finance company, DLL announced theclosing of “DLLAD 2023-1”, a U.S. securitization transaction issuing notes totaling USD 850 million. The notes are backed by loans and leases secured with agricultural, golf course and turf equipment.
The transaction is rated F1+/P-1 or AAA/Aaa by Fitch and Moody’s, respectively.
“This is our first Asset Backed Securities (ABS) transaction this year and we are really pleased to see that we were able to attract quite a few new investors who put their trust and confidence in our securitization platform,” said Chris Morris, US Treasurer for DLL.
Carlo van Kemenade, CEO and Member of the DLL Executive Board added: “We are very happy with the growth of DLL’s investor base, as these kind of securitization transactions will continue to be a part of DLL’s long-term growth strategy to diversify our USD funding base.”
About DLL
DLL is a global asset finance company for equipment and technology with a managed portfolio of more than EUR 35 billion. Founded in 1969 and headquartered in Eindhoven, the Netherlands, DLL provides financial solutions to the Agriculture, Food, Healthcare, Clean Technology, Construction, Transportation, Industrial, Office Equipment and Technology industries in more than 25 countries. DLL partners with equipment manufacturers, dealers and distributors, as well as end-customers on a direct basis, to enable businesses to more easily access equipment, technology and software. The company also delivers insights and advice to partners and customers that drive smarter and more economical methods of use. DLL combines customer focus with deep industry knowledge to deliver sustainable solutions for the complete asset life cycle, including commercial finance, retail finance and used equipment finance. DLL is a wholly owned subsidiary of Rabobank Group. To learn more about DLL, visit www.dllgroup.com.