DLL closes second US securitization transaction of 2026

DLL has completed its second US asset-backed securitization (ABS) transaction of 2026, issuing notes totalling $626 million.

The transaction, DLLAA 2026-1, includes a tranche retained by DLL and is backed by assets from AGCO Finance, the preferred financing partner of agricultural equipment manufacturer AGCO Corporation.

The transaction has received ratings of F1+/P-1 or AAA/Aaa from Fitch and Moody’s, respectively.

Brian Burket, Vice President of Securitization at DLL, said the transaction attracted strong investor demand.

“This marks our second ABS transaction of the year, and once again, it was met with strong investor demand. We are encouraged by this continued engagement, which underscores the strength and consistency of DLL’s programmatic ABS issuance,” he said.

DLL said securitization forms part of its longer-term strategy to broaden its sources of US dollar funding.

Alp Sivrioğlu, DLL Chief Financial Officer and Member of the Executive Board, said:

“We are pleased by the continued growth of DLL’s investor base and greatly value the trust and confidence investors continue to demonstrate in our securitization platform.

“These securitization transactions play an important role in our long-term strategy to diversify USD funding sources.”