Vendor finance company DLL closed DLLST 2024-1, its first U.S. securitization transaction this year, issuing notes totaling $750 million. The notes are backed by loans and leases secured with office equipment and technology solutions. The transaction was rated F1+/P-1 and AAA/Aaa by Fitch and Moody’s, respectively.
“This is our first asset-backed securities (ABS) transaction this year. We saw strong investor interest, including new investors, which confirms once again the continued growth in interest for DLL ABS programs,” Chris Morris, U.S. treasurer for DLL, said.
“It is great to see so many investors putting their trust and confidence in our securitization platform,” Grégory Raison, CFO and member of the DLL executive board, said. “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.”
