DLL closes first ABS deal of 2023
Vendor financier DLL closed its first asset-backed securitization deal of 2023 on Feb. 2 — an $850 million transaction backed by loans and leases secured by agricultural, golf course and turf equipment. The pool consists of: 73.6 % loans and 24.6%
2022 equipment ABS volume increased 14% YoY
Equipment asset-backed securities issuance volume in 2022 outpaced the last three years as the structured finance segment continues its growth trajectory. Equipment ABS volume landed at $22.3 billion, an increase of 14% YoY, according to JPMorgan Securities. By comparison, volumes landed
Equipment ABS net losses inch up in October
Credit performance in the equipment asset-backed securities (ABS) market was mixed in October as annualized net losses ticked up and 60-plus-days delinquencies dropped across all publicly rated equipment ABS deals. Annualized net losses in Kroll Bond Rating Agency’s Equipment Loan &
New federal statute eases burden on LIBOR transition
NEW YORK — A new federal statute tied to the Consolidated Appropriations Act should ease the burden on bank-regulated lenders as the industry prepares for the forthcoming transition away from the London Interbank Offered Rate (LIBOR). The Adjustable Interest Rate LIBOR
