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Bonds•8 April 2026•

1 min read

Oaktree and North Mill Close $355.8 Million Asset-Backed Securitization

Key Facts

1Oaktree Capital Management, in partnership with North Mill Equipment Finance, closed a $355.8 million asset-backed securitization (OAKEF 2026-1).

2The securitization is collateralized by equipment finance assets acquired from Midland Equipment Finance.

3The deal achieved a yield of 4.7% with a weighted-average spread of 99 basis points amid strong investor demand.

Oaktree Capital Management, in collaboration with North Mill Equipment Finance, has successfully finalized a $355.8 million asset-backed securitization (ABS) transaction. The deal, designated as OAKEF 2026-1, is collateralized by a portfolio of equipment finance assets originally acquired from Midland Equipment Finance. Demonstrating robust investor appetite, the transaction achieved a yield of 4.7% with a weighted-average spread of 99 basis points. Leading financial institutions including Truist Securities and Deutsche Bank played key roles in facilitating the deal's closure. This move highlights the ongoing strength of the equipment finance sector and the high demand for yield-bearing securitized products in the current market. The successful pricing reflects strong confidence in the underlying asset quality and the strategic partnership between the involved firms.