FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News

Print

DLL Closes Inaugural U.S. Securitization for $501.5MM

November 17, 2017, 07:15 AM
Filed Under: Industry News

DLL announced the closing of its inaugural securitization – DLL Securitization Trust 2017-A for $501.5 million.

“DLL’s transaction was very well received in the market,” said DLL U.S. Chief Financial Officer Peter Mullen. “The deal was oversubscribed and traded tight to guidance across a deep investor base. This kind of demand is promising for future securitization transactions.”

The securitization is backed by a portfolio of agricultural equipment loans and leases in the United States. The transaction includes $120 million class A1 notes, $165 million class A2 notes, $155 million class A3 notes and $61.50 million class A4 notes. The notes were rated A1+/P1 or AAA / Aaa by Standard & Poor’s and Moody’s, respectively.

“This securitization transaction is part of DLL’s long-term growth strategy to diversify our funding base and liquidity risk,” said Marc Dierckx, DLL Chief Financial Officer and member of the Executive Board.







Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.