DLL Closes Third Deal of 2019 and Sixth Securitization Transaction

Leading global vendor finance company, DLL, announces the closing of DLL 2019-2 ABS (Asset Backed Securities) securitization transaction in the United States for $443 Million. The transaction is an inaugural securitization sponsored by Mahindra Finance USA LLC, a joint venture between De Lage Landen Financial Services, Inc. and Mahindra & Mahindra Financial Services Limited. Mahindra Finance USA provides equipment finance solutions to facilitate the sale of Mahindra branded equipment primarily focused on agricultural equipment.

This is the sixth ABS transaction (and fifth in United States) for DLL since November 2017 totaling over $3.7 Billion. This securitization is backed primarily by a portfolio less than <100 horsepower tractors and related attachments in the United States. The transaction included only AAA notes rated A1+/P1 or AAA / Aaa by Standard & Poor’s and Moody’s, respectively.

“2019-2 ABS transaction is a testament to investors trust and confidence in DLL’s ABS strategy and continued support of DLL’s origination channels and diversified business platforms,” said Matthew Goldenberg, DLL Vice President Capital Markets.

“DLL is on target to expand our capital markets initiatives by further diversifying our funding sources pursuant to our strategic plan,” said Marc Dierckx, DLL Chief Financial Officer and member of the Executive Board.