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Vedder Thinking | News Vedder Price Represents DLL in $1 Billion Securitization

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Vedder Price is pleased to announce that it represented DLL in connection with DLLAD 2021-1, a $1 billion securitization of a pool of retail installment sale contracts, loans, leases and other financings and/or refinancings with respect to agricultural, golf course and turf equipment. The transaction is DLL’s eighth securitization and involved the issuance of four classes of notes.

Global Transportation Finance Shareholder Edward K. Gross and Capital Markets Shareholder Kevin A. MacLeod led the team from Vedder Price which also included Tax Shareholder Matthew P. Larvick and Associates Jonathan M. Rauch and Conor A. Gaughan.

“We are proud to have partnered with DLL on its eighth securitization and its second securitization of 2021,” said Mr. Gross. “We look forward to our continued relationship with DLL, working together to fulfill their long-term business strategies and to bring to market future securitizations.”

The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (Securities Act), or the securities laws of any jurisdiction. The notes were offered and sold only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States to non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.




Professionals



Edward K. Gross

Shareholder



Kevin A. MacLeod

Shareholder



Matthew P. Larvick

Shareholder



Jonathan M. Rauch

Associate



Conor A. Gaughan

Associate