AlbaCore Euro CLO V Refinance DAC: 17 October 2024

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

On 26 May 2023 (the Original Issue Date) AlbaCore Euro CLO V issued Class A Senior Secured Floating Rate Notes 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. 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 €30mln. This Original Class A Loan was fully drawn on the Original Issue Date.

On or about 15 October 2024 (the re-issue Date) the Issuer will, subject to the satisfaction of certain conditions, refinance in whole the Debt by issuing Class A-R Senior Secured Floating Rate Notes due 2038, Class B-1-R Senior Secured Floating Rate Notes due 2038, Class B-2-R Senior Secured Fixed Rate Notes due 2038, Class C-R Senior Secured Deferrable Floating Rate Notes due 2038, Class D-R Senior Secured Deferrable Floating Rate Notes due 2038, Class E-R Senior Secured Deferrable Floating Rate Notes due 2038 and Class F-R Senior Secured Deferrable Floating Rate Notes due 2038. In addition, on the Issue Date the Issuer will enter into a loan agreement pursuant to which the Issuer will be provided with a facility in the amount of €30mln. The Class A Loan will be fully drawn on the Issue Date.

The Subordinated Notes were issued on the Original Issue Date and are not being offered pursuant to this refinancing. The terms and conditions applicable to the Subordinated Notes will be amended in accordance with the Conditions of the Debt as outlined in this new offering, including by an extension of their Maturity Date to 15 April 2038.