Contego CLO V: 21 July 2018

The assets securing the notes will primarily consist of a portfolio of Secured Senior Loans, Secured Senior Bonds, Unsecured Senior Obligations, Mezzanine Obligations, Second Lien Loans, Corporate Rescue Loans and High Yield Bonds, and will be managed by Five Arrows Managers LLP (formerly known as Elgin Capital LLP), a Rothschild group company and a wholly owned indirect subsidiary of N.M. Rothschild & Sons Limited.

Eligibility criteria (includes): it is a Secured Senior Loan, a Secured Senior Bond, a Corporate Rescue Loan, an Unsecured Senior Obligation, a Mezzanine Obligation, a Second Lien Loan or a High Yield Bond; it is not a Structured Finance Security or a Synthetic Security; it is not a lease; it is not a Defaulted Obligation, a Credit Risk Obligation or Equity Security, including any obligation convertible into an Equity Security; it is not a Zero Coupon Obligation; it is not a debt obligation which pays interest only and does not require the repayment of principal; it is an obligation of an Obligor or Obligors Domiciled in a Non-Emerging Market Country (as determined by the Collateral Manager acting on behalf of the Issuer); it is not a Project Finance Loan; the minimum purchase price of the Collateral Obligation is 60.0% of the Principal Balance of such Collateral Obligation.

The Issuer anticipates that, by the Issue Date, it will have purchased or committed to purchase Collateral Obligations the Aggregate Principal Balance of which is equal to at least Eur360mln, which is approximately 90.0% of the Target Par Amount.


EU Risk Retention: NP Europe Loan Management I DAC will act as originator and retention holder for the purposes of the EU Retention Requirements. The Retention Holder will undertake to acquire on the Issue Date and hold on an ongoing basis for so long as any Class of Notes remains Outstanding, a material net economic interest in the first loss tranche of not less than 5% of the nominal value of the securitised exposures through the purchase and retention of Subordinated Notes with an original Principal Amount Outstanding such that the aggregate purchase price thereof equals or exceeds 5% of the Collateral Principal Amount.

US Risk Retention: The Retention Holder has informed the Issuer that it intends to rely on the Foreign Safe Harbor for so long as it is required to comply with the U.S. Risk Retention Rules pursuant to applicable law and provided that the U.S. Risk Retention Rules are applicable to it on the Issue Date.