Penta CLO 14 DAC (Refinance): 28 September 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 Partners Group (UK) Management Ltd.

On 8 March 2023 (the Original Issue Date) the Issuer issued Class A Senior Secured Floating Rate Notes due 2036, Class B Senior Secured Floating 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 and Class F Senior Secured Deferrable Floating Rate Notes due 2036. On the Original Issue Date, the Issuer also issued Subordinated Notes due 2036. In addition, on the Original Issue Date, the Issuer entered into a loan agreement pursuant to which the Issuer was provided with a facility in the amount of €49,100,000. This Original Class A Loan was fully drawn on the Original Issue Date.

On or about 26 September 2024 (the re-issue Date) the Issuer will, subject to the satisfaction of certain conditions, redeem the Original Rated Debt by issuing Class X-R Senior Secured Floating Rate Notes due 2037, Class A-1-R Senior Secured Floating Rate Notes due 2037, Class A-2-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 and Class F-R Senior Secured Deferrable Floating Rate Notes due 2037.

The Subordinated Notes were issued on the Original Issue Date with a principal amount outstanding of €32,900,000 and are not being offered pursuant to this Offering.