DLL closes first U.S. securitization of 2025

DLL, a global vendor finance company, has completed its first U.S. Asset-Backed Securitization (ABS) of the year.

DLL issued $750 million in notes under the “DLLAA 2025-1” transaction, according to Jan. 22 DLL release. The notes, backed by assets of AGCO Finance, were rated F1+/P-1 and AAA/Aaa by Fitch and Moody’s, respectively.

The transaction reflects DLL’s strategy to diversify its USD funding sources and expand its investor base, according to the release. DLL, headquartered in the Netherlands, specializes in asset finance solutions across industries, including agriculture, construction, and technology, with a managed portfolio exceeding €44 billion.

Founded in 1969 and operating in over 25 countries, DLL supports sustainability and partners with manufacturers, dealers, and distributors to provide financial solutions across the asset life cycle, according to the release. It is a wholly owned subsidiary of Rabobank Group.

The third annual Equipment Finance Connect at the JW Marriott Nashville in Nashville, Tenn., on May 14-15, 2025, is the only event that brings together equipment dealers and lenders to share insights, attend discussions on crucial industry topics and network with peers. Learn more about the event and register here.