Voya Euro CLO IV DAC: 03 December 2020

The assets securing the Notes will consist of a portfolio of primarily Senior Loans, Senior Secured Bonds, Mezzanine Obligations and High Yield Bonds, and will be managed by Voya Alternative Asset Management LLC.

The Collateral Manager is an indirect, wholly owned subsidiary of Voya Financial, Inc., which is a leading provider of financial products and services in the U.S., including retirement, investment and insurance, employing more than 6,000 individuals as of 31 March 2020.

Eligibility criteria (includes): it is a Senior Secured Loan, a Senior Secured Bond, an Unsecured Senior Loan, a Mezzanine Obligation, a Second Lien Loan, a Corporate Rescue Obligation, or a High Yield Bond; it is not a Structured Finance Security, letter of credit or a Synthetic Security; it is not a Zero Coupon Security; other than in the case of a Corporate Rescue Obligation (which shall have a rating as determined by the definition of "S&P Rating" and "Fitch Rating", as applicable), it has an Fitch Rating of not lower than "CCC-" and an S&P Rating of not lower than "CCC-"; it is an obligation in respect of which the Obligor (or the guarantor of such obligation) is Domiciled in a Qualifying Country, as determined by the Collateral Manager; it is not a Project Finance Loan; it is not a Deferring Security; it has a minimum purchase price of 60.0 % of the Principal Balance of such Collateral Debt Obligation.

The Issuer anticipates that, by the Issue Date, it or the Collateral Manager on its behalf will have purchased or committed to purchase Collateral Debt Obligations the Aggregate Principal Balance of which is equal to at least €225mln, which is approximately 90.0% of the Target Par Amount.

The Notes (other than any Notes being sold directly by the Issuer to the Retention Holder and its Affiliates) are being offered by the Issuer through J.P. Morgan Securities plc in its capacity as placement agent of the offering, subject to prior sale.


EU Risk Retention: The Retention Holder (Voya Alternative Asset Management LLC) will acquire and hold on an ongoing basis for so long as any Class of Notes remains outstanding a material net economic interest of not less than 5% of the nominal value of each Class of Notes then outstanding for the purposes of satisfying the EU Retention Requirements.

US Risk Retention: Based on the LSTA Decision, the U.S. Risk Retention Rules are not expected to apply to the transaction. Neither (the Collateral Manager) nor any of its Affiliates intend to retain the Minimum Risk Retention Requirement pursuant to the U.S. Risk Retention Rules for any period of time on the basis that it intends to qualify as an "open market CLO".