Grosvenor Place CLO 2022-1 (Refinance): 23 May 2024

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

On 24 November 2022 (the Original Issue Date) the Issuer issued Class A Senior Secured Floating Rate Notes due 2035, Class B Senior Secured Floating Rate Notes due 2035, Class C Senior Secured Deferrable Floating Rate Notes due 2035, Class D Senior Secured Deferrable Floating Rate Notes due 2035, Class E Senior Secured Deferrable Floating Rate Notes due 2035, Class F Senior Secured Deferrable Floating Rate Notes due 2035 and Subordinated Notes due 2035.

On or about 17 May 2024 (the re-issue Date) the Issuer will refinance the Notes by issuing Class A Senior Secured Floating Rate Notes due 2038, Class B Senior Secured Floating Rate Notes due 2038, Class C Senior Secured Deferrable Floating Rate Notes due 2038, Class D Senior Secured Deferrable Floating Rate Notes due 2038, Class E Senior Secured Deferrable Floating Rate Notes due 2038 and Class F Senior Secured Deferrable Floating Rate Notes due 2038.

The Notes will be offered by the Issuer through Jefferies International Limited or an affiliate thereof in its capacity as initial purchaser and sole arranger for the offering of such Notes subject to prior sale.

EU & UK Risk Retention: CQS Loan Funding Limited will act as retention holder for the purposes of the EU/UK Retention and Transparency Requirements in its capacity as originator.

US Risk Retention: While it is possible that the US Risk Retention Rules do not apply to this transaction, the US Retention Holder expects to acquire the Retention Notes on the Issue Date. However, there can be no assurance that the US Retention Holder will continue to hold the US Retention Notes on any future date.