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DLL Closes Second U.S. Securitization Transaction of 2023

Posted 05/24/2023

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.”

About DLL

DLL is a global asset finance company for equipment and technology with a managed portfolio of more than EUR 40 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, visitwww.dllgroup.com.

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