DLL closes third US securitisation transaction of 2024 

Global vendor finance company, DLL, has announced the closing of its third US asset backed securitisation (ABS) of 2024, “DLLMT 2024-1,” issuing notes totalling US$750 million.

Backed by loans and leases of construction, transportation and industrial assets, this transaction brings DLL’s 2024 ABS issuance total to US$2.15 billion.

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

“We are thrilled to complete our third ABS transaction of 2024, despite a volatile market,” said Chris Morris, US Treasurer for DLL. 

Grégory Raison, CFO and Member of the DLL Executive Board added, “DLL US securitization transactions are a key element of our growth strategy. I continue to be pleased with the investors’ interest and confidence in our securitization platforms which propels our ability to diversify our USD funding base.”

DLL’s second US securitisation transaction – DLLAD 2024-1 – of 2024, issuing notes totalling US$650 million was completed in May.