Ares European CLO XIV DAC (Refinance): 28 October 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 Ares European Loan Management LLP.

On 13 November 2020 (the Original Issue Date) Ares European CLO XIV issued Class X Senior Secured Floating Rate Notes due 2033, Class A Senior Secured Floating Rate Notes due 2033, Class B Senior Secured Floating Rate Notes due 2033, Class C Senior Secured Deferrable Floating Rate Notes due 2033, Class D Senior Secured Deferrable Floating Rate Notes due 2033, Class E Senior Secured Deferrable Floating Rate Notes due 2033, Class F Senior Secured Deferrable Floating Rate Notes due 2033 and Subordinated Notes due 2033.

On 24 October 2024 (the re-issue Date) the Issuer will, subject to certain conditions, refinance in whole each Class of Notes by issuing Class A Senior Secured Floating Rate Notes due 2034, Class B Senior Secured Floating Rate Notes due 2034, Class C Senior Secured Deferrable Floating Rate Notes due 2034, Class D Senior Secured Deferrable Floating Rate Notes due 2034, Class E Senior Secured Deferrable Floating Rate Notes due 2034 and Class F Senior Secured Deferrable Floating Rate Notes due 2034.

The Subordinated Notes were issued on the Original Issue Date with a principal amount outstanding of €30.5mln and are not being offered pursuant to this new offering.