DLL closes first US securitisation transaction of 2025

DLL, a global vendor finance company, has announced the closing of its first US Asset Backed Securitisation (ABS) of 2025, “DLLAA 2025-1,” issuing notes totalling US$750 million.

The transaction is backed by assets of AGCO Finance, the financing provider for AGCO, a global leader in agricultural solutions.

The transaction is rated F1+/P-1 or AAA/Aaa by Fitch and Moody’s, respectively.

“With our first transaction of 2025, we are excited to kick off the year with a strong start and notable investor demand,” said Chris Morris, US Treasurer for DLL. 

Lara Yocarini, CEO and Chair of the DLL Executive Board added:

“We are pleased with the expansion of DLL’s investor base, as these securitisation transactions remain integral to DLL’s long-term strategy for diversifying our US dollar funding sources. We look forward to continued success throughout 2025.”