DLL Closes Eighth U.S. Securitization Transaction at $1B



DLL closed DLLAD 2021-1, a U.S. securitization transaction issuing notes totaling $1 billion. The transaction is DLL’s eighth U.S. securitization. The notes are backed by loans and leases secured with food and agriculture-related equipment. Fitch Ratings and Moody’s rated the transaction F1+/P-1 and AAA/Aaa, respectively.

“We are very pleased that, despite a busy new issue U.S. ABS (asset-backed securities) market, investors continued to put trust and confidence in our portfolio. This securitization saw the highest number of investors for a DLL U.S. ABS transaction so far,” Chris Morris, U.S. treasurer at DLL, said.

“With our securitization strategy, we aim to diversify our funding base,” Marc Dierckx, CFO and member of the executive board at DLL, said. “Our investor base is growing and well balanced. In total, we have more than doubled the number of investors investing in DLL over the past three years. Considering the effects of the coronavirus pandemic on the securitization market, this is something to be really proud of.”

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