DLL’s $1 Billion Securitization Transaction

Vedder Price advised DDL on the deal.

DLL announced its closing of DLLAA 2021-1, a U.S. securitization transaction issuing notes totaling $1 billion. The notes are backed by loans and leases secured with agricultural equipment originated by AGCO Finance, a joint venture between DLL (51% ownership) and AGCO (49% ownership). 

DLL is a global vendor finance company. Founded in 1969 and headquartered in Eindhoven, The Netherlands, DLL provides asset-based financial solutions in the Agriculture, Food, Healthcare, Clean Technology, Construction, Transportation, Industrial, Document Imaging and Technology industries. DLL partners with equipment manufacturers, dealers, and distributors in more than 30 countries to support their distribution channels and grow their businesses.

Global Transportation Finance Shareholder Edward K. Gross (Picture) and Capital Markets Shareholder Kevin A. MacLeod led the team from Vedder Price which also included Associate Jonathan M. Rauch and Jeremy M. Tudin.

 

Involved fees earner: Edward Gross – Vedder Price; Kevin MacLeod – Vedder Price; Jonathan Rauch – Vedder Price; Jeremy Tudin – Vedder Price;

Law Firms: Vedder Price;

Clients: DLL;

Author: Martina Bellini

DLL’s $1 Billion Securitization Transaction

Vedder Price advised DDL on the deal.

DLL announced its closing of DLLAA 2021-1, a U.S. securitization transaction issuing notes totaling $1 billion. The notes are backed by loans and leases secured with agricultural equipment originated by AGCO Finance, a joint venture between DLL (51% ownership) and AGCO (49% ownership). 

DLL is a global vendor finance company. Founded in 1969 and headquartered in Eindhoven, The Netherlands, DLL provides asset-based financial solutions in the Agriculture, Food, Healthcare, Clean Technology, Construction, Transportation, Industrial, Document Imaging and Technology industries. DLL partners with equipment manufacturers, dealers, and distributors in more than 30 countries to support their distribution channels and grow their businesses.

Global Transportation Finance Shareholder Edward K. Gross (Picture) and Capital Markets Shareholder Kevin A. MacLeod led the team from Vedder Price which also included Associate Jonathan M. Rauch and Jeremy M. Tudin.

 

Involved fees earner: Edward Gross – Vedder Price; Kevin MacLeod – Vedder Price; Jonathan Rauch – Vedder Price; Jeremy Tudin – Vedder Price;

Law Firms: Vedder Price;

Clients: DLL;

Author: Martina Bellini