DLL closed on “DLLAD 2023-1”, a U.S. securitization transaction issuing notes totaling $850 million. The notes are backed by loans and leases secured with agricultural, golf course and turf equipment.
“This is our first asset backed securities 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,” Chris Morris, U.S. treasurer for DLL, said.
“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,” Carlo van Kemenade, CEO and member of the executive board at DLL, said.
