CVC Cordatus Loan Fund V Limited (Reissue 2019): 23 October 2019

The assets securing the notes will consist predominantly of a portfolio of Senior Secured Loans, Senior Secured Bonds, Second Lien Loans, Mezzanine Obligations and High Yield Bonds, and will be managed by CVC Credit Partners Group Limited.

On 21 May 2015 (the Original Issue Date), CVC Cordatus Loan Fund V issued Class A-1 Senior Secured Floating Rate Notes due 2029, Class A-2 Senior Secured Fixed Rate Notes due 2029, Class B-1 Senior Secured Floating Rate Notes due 2029, Class B-2 Senior Secured Fixed Rate Notes due 2029, Class C Senior Secured Deferrable Floating Rate Notes due 2029, Class D Senior Secured Deferrable Floating Rate Notes due 2029, Class E Senior Secured Deferrable Floating Rate Notes due 2029, Class F Senior Secured Deferrable Floating Rate Notes due 2029 and Subordinated Notes due 2029.

On 21 July 2017 (the "2017 Refinanced Issue Date"), the Issuer refinanced in whole each of the Original Rated Notes by issuing Class X Senior Secured Floating Rate Notes due 2030, Class A Senior Secured Floating Rate Notes due 2030, Class B-1 Senior Secured Floating Rate Notes due 2030, Class B-2 Senior Secured Fixed Rate Notes due 2030, Class C Senior Secured Deferrable Floating Rate Notes due 2030, Class D Senior Secured Deferrable Floating Rate Notes due 2030, Class E Senior Secured Deferrable Floating Rate Notes due 2030 and Class F Senior Secured Deferrable Floating Rate Notes due 2030. The Original Rated Notes were redeemed in full on the Issue Date from the proceeds of the issue of the 2017 Refinancing Notes.

On or about 21 October 2019 (the 2nd refinancing date) the Issuer will, subject to certain conditions, refinance the 2017 Refinanced Class A Notes and the 2017 Refinanced Class B-2 Notes by issuing Class A Senior Secured Floating Rate Notes due 2030 and Class B-2 Senior Secured Fixed Rate Notes due 2030 and (i) the Class B-2 Notes together with the Class B-1 Notes, the “Class B Notes” and (ii) the Class B-2 Notes together with the Class A Notes, the "2019 Refinancing Notes". The Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes, the Class E Notes and the Class F Notes together are the "Rated Notes" and the Rated Notes together with the Subordinated Notes are the "Notes". The 2017 Refinanced Class A Notes and the 2017 Refinanced Class B-2 Notes will be redeemed in full on the Issue Date from the proceeds of the issue of the Class A Notes and the Class B-2 Notes respectively.