Vedder Thinking | News Vedder Price Represents DLL in Inaugural $501.5 Million Securitization
December 5, 2017
Vedder Price is pleased to announce that it advised DLL as issuer in its inaugural U.S. securitization – DLL Securitization Trust 2017-A – for $501.5 million.
According to DLL’s press release, the securitization is backed by a portfolio of agricultural equipment loans and leases in the U.S. The transaction involved the issuance of $120 million of class A1 notes, $165 million of class A2 notes, $155 million of class A3 notes and $61.5 million of class A4 notes.
Edward K. Gross and Marc L. Klyman led the team from Vedder Price.
“Representing DLL on their inaugural U.S. securitization was quite rewarding for us,” said Mr. Gross. “We are pleased with how well this transaction has been received in the market.” Mr. Klyman added, “We look forward to our continued relationship with DLL, working together to fulfill DLL’s long-term growth strategy and to bring to market future securitization transactions.”