Palmerston Park CLO (2nd Refinance): 10 November 2019

The assets securing the Refinancing Notes will consist of a portfolio of primarily Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Blackstone / GSO Debt Funds Management Europe Limited.

On 11 April 2017 (the Original Issue Date) Palmerston Park CLO issued Class A-1A Senior Secured Floating Rate Notes due 2030, Class A-1B Senior Secured Fixed Rate Notes due 2030, Class A-2A Senior Secured Floating Rate Notes due 2030, Class A-2B Senior Secured Floating Rate Notes due 2030, Class B-1 Senior Secured Deferrable Floating Rate Notes due 2030, Class B-2 Senior Secured Deferrable Floating 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 Subordinated Notes due 2030.

On 7 November 2019 (the “2019 Refinancing Date”) the Issuer will, subject to certain conditions, refinance the Original Class A-1A Notes, the Original Class A-1B Notes, the Original Class B-1 Notes and the Original Class B-2 Notes.