Global vendor finance company, DLL, announced the closing of its third U.S. Asset Backed Securitization (ABS) of 2024, “DLLMT 2024-1,” issuing notes totaling $750 million. Backed by loans and leases of construction, transportation and industrial assets, this transaction brings DLL’s 2024 ABS issuance total to $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, U.S. Treasurer for DLL.

Grégory Raison, CFO and Member of the DLL Executive Board, added, “DLL U.S. 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.”