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AlbaCore Euro CLO VI DAC: 01 April 2024

The assets securing the Notes will consist of a portfolio of primarily Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by AlbaCore Capital LLP.

Eligibility criteria (includes): it is a Secured Senior Obligation, a Corporate Rescue Loan, an Unsecured Senior Obligation, a Mezzanine Obligation, a Second Lien Loan or a High Yield Bond (in each case, which is not a sub-participation of a sub-participation); it is not a lease; it is not a Zero Coupon Security; it is not a Structured Finance Security, a Letter of Credit or a Synthetic Security; other than in the case of a Corporate Rescue Loan and Uptier Priming Debt, it has an S&P Rating of not lower than “CCC-” and a Fitch Rating of not lower than “CCC-”; 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; it is an ESG Compliant 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 €370mln, which is approximately 92.50% of the Target Par Amount.

The Notes are being offered by the Issuer through Jefferies International Limited in its capacity as initial purchaser of the offering of such Notes subject to prior sale.

EU & UK Risk Retention: The Retention Holder (AlbaCore Loan Management DAC) 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.

US Risk Retention: The Retention Holder intends to rely on the “Safe harbour for certain foreign-related transactions” contained in the US Risk Retention Rules.