Armada Euro CLO II DAC (Refinance): 02 August 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 Brigade Capital Europe Management LLP.

On 26 April 2018 (the Original Issue Date) Armada Euro CLO II (formerly Battalion Euro CLO II) issued Class A-1 Senior Secured Floating Rate Notes due 2031, Class A-2 Senior Secured Floating Rate Notes due 2031, Class A-3 Senior Secured Fixed Rate Notes due 2031, Class B-1 Senior Secured Floating Rate Notes due 2031, Class B-2 Senior Secured Floating Rate Notes due 2031, Class C-1 Senior Secured Deferrable Floating Rate Notes due 2031, Class C-2 Senior Secured Deferrable Floating Rate Notes due 2031, Class D Senior Secured Deferrable Floating Rate Notes due 2031, Class E Senior Secured Deferrable Floating Rate Notes due 2031, Class F Senior Secured Deferrable Floating Rate Notes due 2031 and Subordinated Notes due 2031.

On or about 2 August 2024 (the re-issue Date) the Issuer will, subject to certain conditions, refinance the Notes by issuing Class A-R Senior Secured Floating Rate Notes due 2037, Class B-R Senior Secured Floating Rate Notes due 2037, Class C-R Senior Secured Deferrable Floating Rate Notes due 2037, Class D-R Senior Secured Deferrable Floating Rate Notes due 2037, Class E-R Senior Secured Deferrable Floating Rate Notes due 2037, Class F-R Senior Secured Deferrable Floating Rate Notes due 2037, Class Z Notes due 2037 and Additional Subordinated Notes which shall form a single class of Subordinated Notes.

The Offered Notes (other than the Class Z Notes) are being offered by the Issuer through Morgan Stanley & Co. International plc in its capacity as initial purchaser of the offering of such Offered Notes subject to prior sale.