DLL closes first securitisation transaction of 2026

DLL has kicked off the year with the successful completion of its first US asset-backed securitisation (ABS) of 2026, issuing notes with a total value of $672 million under the transaction name “DLLMT 2026-1”.

The notes are backed by a diversified pool of the company’s loans and leases, secured by equipment and assets across the construction, transportation and industrial sectors. As is typical in such transactions, DLL retained a portion of the issued notes on its own balance sheet.

The deal achieved top-tier short- and long-term credit ratings, receiving F1+ and AAA from Fitch Ratings and P-1 and Aaa from Moody’s Investors Service, underlining the perceived quality of the underlying assets and the strength of DLL’s securitisation programme.

“Our first ABS transaction of the year was met with robust investor demand, bolstered by participation from new investors. This ongoing appetite reflects the market’s confidence in the consistency and strength of DLL’s programmatic ABS platform,” he said.

The company views securitisation as a core funding tool that allows it to access deep and diversified pools of capital. By packaging and selling receivables to investors, DLL can recycle capital and support continued growth in equipment finance across its target industries.

“Investor confidence in our securitisation platform continues to grow, and we’re pleased to see our investor base broadening with each transaction. These securitisations are essential to DLL’s long-term strategy to diversify and strengthen our USD funding sources,” he said.