DLL closes second US securitisation transaction of 2024

Global vendor finance company, DLL, has completed the second US securitisation transaction – DLLAD 2024-1 – this year, issuing notes totalling US$650 million.

The notes are backed by loans and leases secured with agricultural, golf and turf assets of DLL Finance LLC.

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

“This is our second asset backed securities (ABS) transaction this year with again, strong investor interest including new investors. We are happy with the continued investor interest driven by the programmatic issuance of DLL ABS programs”, said Chris Morris, US Treasurer for DLL.

Grégory Raison, CFO and Member of the DLL Executive Board added: “It is always great to see that investors are willing to put their trust and confidence in our securitisation platform. DLL US securitisation transactions will continue to be a part of DLL’s long-term growth strategy to diversify our USD funding base.”