Global vendor finance company DLL closed its third U.S. asset-backed securitization (ABS) of 2024, “DLLMT 2024-1,” issuing notes totaling $750 million. Backed by loans and leases of construction, transportation and industrial assets, this transaction brings DLL’s 2024 ABS issuance total to $2.15 billion.
The transaction is rated F1+/P-1 or AAA/Aaa by Fitch and Moody’s, respectively.
“We are thrilled to complete our third ABS transaction of 2024, despite a volatile market,” Chris Morris, U.S. treasurer for DLL, said.
“DLL U.S. securitization transactions are a key element of our growth strategy,” Grégory Raison, chief financial officer and member of the DLL executive board, said. “I continue to be pleased with the investors’ interest and confidence in our securitization platforms which propels our ability to diversify our USD funding base.”
