Vedder Price is pleased to announce that it represented De Lage Landen Financial Services, Inc.’s (DLLFS) affiliates, AGCO Finance LLC (AGCO Finance), as originator and sponsor, and DLL Finance LLC (DLL Finance), as servicer, in connection with the DLLAA 2023-1 securitization that closed recently, issuing notes totaling $1 billion.
The notes are backed by secured loans and leases involving new and used agricultural equipment originated by AGCO Finance, a joint venture between DLL U.S. Holding Company, Inc. and AGCO Corporation.
Vedder Price previously advised DLL Finance regarding a securitization transaction that closed in February 2023, and DLLFS regarding a securitization transaction that closed in May 2023.
The Vedder Price team was led by both Capital Markets Shareholder Kevin A. MacLeod and Global Transportation Finance Shareholder Edward K. Gross.
“We very much appreciate having the opportunity to assist DLL with its third asset-backed securitization transaction this year, and we look forward to future opportunities to provide advice and other support to DLL with their U.S. securitization transactions,” said Mr. Gross.
De Lage Landen Financial Services, Inc. is a leading global vendor finance company enabling businesses to more easily access equipment, technology and software to help them grow. Headquartered in Eindhoven, the Netherlands, De Lage Landen Financial Services, Inc. is a wholly-owned indirect subsidiary of Rabobank Group.
Click here to read DLLFS’ press release.