DLL, a global vendor finance company, closed its second U.S. asset-backed securitization (ABS) of 2025, “DLLAD 2025-1,” issuing notes totaling $793 million, including a tranche retained by DLL. The notes are backed by a diverse range of DLL’s loans and leases secured by assets within the food, agriculture and outdoor sectors.
The transaction is rated F1+/P-1 or AAA/Aaa by Fitch and Moody’s, respectively.
“This marks our second ABS transaction of the year, once again met with strong investor demand, including participation from new investors,” Chris Morris, U.S. treasurer at DLL, said. “We’re pleased to see continued interest, which reflects the strength and consistency of DLL’s programmatic ABS issuance.”
“We greatly value the trust investors continue to place in our securitization platform and are encouraged by the continued growth of DLL’s investor base,” Lara Yocarini, CEO and chair of the DLL executive board, said. “These securitization transactions play a vital role in our long-term strategy to diversify USD funding sources.”
