DLL Closes Second US Securitization Transaction of 2023 at $850MM

DLL closed DLLMT 2023-1, the company’s second U.S. securitization transaction this year, issuing notes totaling $850 million. The notes are backed by loans and leases secured with construction, transportation and industrial-related equipment. The transaction was rated F1+/P-1 or AAA/Aaa by Fitch Ratings and Moody’s, respectively.

“This is our second asset backed securities (ABS) transaction this year. Despite challenging market circumstances, we saw an increase in the number of investors compared to our last mid-ticket securitization transaction in November 2021,” Chris Morris, U.S. treasurer for DLL, said. “This highlights the continued interest in DLL ABS programs.”

“We are grateful for the growing base of investors who put their trust and confidence in our securitization platform,” Carlo van Kemenade, CEO and chairman of the executive board  at DLL, 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.”


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