By Glen Fest / Asset Securitization Report
Published June 07 2018
Dell Financial Services continues to securitize pools of equipment leases with high concentrations of contracts with larger corporations, governments and institutions.
These contracts with Dell EMC Infrastructure Group, the cloud storage group created by Dell’s$67 billion merger with EMC Corp. in 2016, account for nearly 77% of the collateral in its next deal, the $991.8 million Dell Equipment Finance Trust 2018-2.
That's down only slightly from 78.1% in DFS’ previous equipment finance deal, DEFT 2017-2, completed last October, but still greater than the 59.1% concentration in its prior deal, DEFT 2016-1.
Continue Viewing This Asset Securitization Report Story