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Avoca CLO XXIV DAC: 13 May 2020

The assets securing the Notes will consists of a portfolio of senior loans, secured senior bonds, corporate rescue loans, mezzanine obligations and high yield bonds and will be managed by KKR Credit Advisors (Ireland) Unlimited Company.

The Issuer anticipates that by the issue date it, or the Investment Manager on its behalf, will have purchased or committed to purchase collateral debt obligations the aggregate principal balance of which is approximately Eur350mln, which is approximately 100% of the target par amount.

The notes will be offered through Citigroup Global Markets in its capacity as placement agent of the offering of such notes subject to prior sale.

EU Risk Retention: The Investment Manager shall act as Retention Holder for the purposes of the EU Retention & Transparency Requirements.