Leasing vendor finance specialist DLL has announced the closing of its inaugural securitization for $501.5 million.
The securitization is backed by a portfolio of agricultural equipment loans and leases in the US.
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.
Marc Dierckx, DLL chief financial officer and member of the executive board, said: “This securitization transaction is part of DLL’s long-term growth strategy to diversify our funding base and liquidity risk.”