CVC Cordatus Loan Fund XXIII DAC (Refinance): 24 August 2024

The assets securing the Notes will consist primarily of a portfolio of Senior Secured Loans, Senior Secured Bonds, Second Lien Loans, Mezzanine Obligations and High Yield Bonds, and will be managed by CVC Credit Partners Investment Management Limited.

On 27 April 2022 (the Original Issue Date) CVC Cordatus Loan Fund XXIII issued Class X Senior Secured Floating Rate Notes due 2036, Class A-1 Senior Secured Floating Rate Notes due 2036, Class A-2 Senior Secured Floating Rate Note due 2036, Class B-1 Senior Secured Floating Rate Notes due 2036, Class B-2 Senior Secured Fixed Rate Notes due 2036, Class C Senior Secured Deferrable Floating Rate Notes due 2036, Class D Senior Secured Deferrable Floating Rate Notes due 2036, Class E Senior Secured Deferrable Floating Rate Notes due 2036, Class F Senior Secured Deferrable Floating Rate Notes due 2036 and Subordinated Notes due 2036.

On or about 19 August 2024 (the re-issue Date) the Issuer will, subject to certain conditions, refinance the Original Class B-1 Notes, the Original Class C Notes, the Original Class D Notes and the Original Class E Notes by issuing Class B-1-R Senior Secured Floating Rate Notes due 2036, Class C-R Senior Secured Deferrable Floating Rate Notes due 2036, Class D-R Senior Secured Deferrable Floating Rate Notes due 2036 and Class E-R Senior Secured Deferrable Floating Rate Notes due 2036.

The Refinancing Notes are being offered by the Issuer through HSBC Bank plc in its capacity as placement agent of the offering of such Refinancing Notes subject to prior sale.