North Mill Equipment Finance closed OAKEF 2026-1, a $355.8 million asset-backed securitisation sponsored by funds managed by Oaktree Capital Management. The transaction was met with strong investor demand, achieving peak subscription levels of approximately 6.3 times. The equipment finance assets collateralising the securitisation were acquired from Midland Equipment Finance in November 2025. The AAA through single A rated offering achieved a weighted average spread of 99 basis points and a weighted average yield of 4.7%. Truist Securities served as lead structuring agent, with Deutsche Bank acting as co-manager. North Mill Equipment Finance will continue as primary servicer for the assets, providing ongoing portfolio management and operational support.

Shapoorji Pallonji Group has secured relief on its $3.4 billion private credit debt through a refinancing plan that includes a $1 billion bond offering. The Indian real estate and construction conglomerate is refinancing maturing rupee-denominated debt at its Goswami Infratech unit, due 30 April, with a three-year offshore bond and local debt. Deutsche Bank is serving as sole arranger. The refinancing follows the group's May 2025 $3.4 billion private credit deal, backed by a 9.185% stake in Tata Sons. This marks the group's third major private credit financing in under three years. Investors remain cautious about collateral enforceability, particularly regarding the group's 18.37% stake in Tata Sons, valued at approximately $37 billion. Goswami Infratech previously defaulted on asset monetisation deadlines, leading to covenant breaches.

Grifols, a global healthcare company and plasma-derived medicines producer, has successfully refinanced all 2027 maturities with a significantly upsized €3 billion Term Loan B. The seven-year facility attracted strong institutional demand, allowing the euro-denominated tranche to be increased to €1.25 billion from an initial €500 million target, whilst the USD tranche reached $2 billion. The USD tranche was priced at SOFR + 250 with an original issue discount of 99.25, whilst the euro tranche was set at Euribor + 300 basis points with an OID of 99.75. Proceeds will refinance existing TLB maturities and repay €740 million of senior secured notes due in 2027. Upon completion, a €1.75 billion revolving credit facility will become effective, supported by major international banks including BofA, JPMorgan and Goldman Sachs.