Global vendor finance company, DLL, announced the closing of “DLLST 2024-1”, the first U.S. securitization transaction this year, issuing notes totaling $750 million. The notes are backed by loans and leases secured with office equipment and technology solutions.

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

“This is our first Asset Backed Securities (ABS) transaction this year. We saw strong investor interest, including new investors, which confirms once again the continued growth in interest for DLL ABS programs,” said Chris Morris, U.S. Treasurer for DLL.

Grégory Raison, Chief Financial Officer and Member of the DLL Executive Board, added: “It is great to see so many investors putting their trust and confidence in our securitization platform. As we have indicated before, these kind of securitization transactions will continue to be a part of DLL’s long-term growth strategy to diversify our USD funding base.”