CVC Cordatus Loan Fund XXXIII DAC: 09 December 2024

The assets securing the Notes will consist of a portfolio predominantly comprised 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.

Eligibility criteria (includes): it is a Senior Secured Loan, Senior Secured Bond, a Senior Unsecured Obligation, a Corporate Rescue Loan, a Mezzanine Obligation, a Second Lien Loan or a High Yield Bond, a PIK Obligation or a Bridge Loan; it is not a lease; other than a Corporate Rescue Loan, it is not a Defaulted Obligation or a Credit Impaired Obligation (unless such purchase or acquisition is being made as part of an Exchange Transaction); it is not a Structured Finance Security, pre-funded letter of credit or a Synthetic Security; it is not a Zero Coupon Obligation, Step-Up Coupon Security or Step-Down Coupon Security; other than in the case of Corporate Rescue Loans, it has a S&P Rating of not lower than “CCC-” and a Fitch Rating of not lower than “CCC-”; is an obligation of an Obligor or Obligors Domiciled in a Non-Emerging Market Country; it is not a Project Finance Loan.

The Issuer anticipates that, by the Issue Date, it will have purchased or committed to purchase Collateral Debt Obligations the Aggregate Principal Balance of which is equal to at least €426mln, which is approximately 99.0% of the Target Par Amount.

The Notes (other than the Retention Notes and certain other Notes being subscribed for by the Retention Holder and a CVC Fund) are being offered by the Issuer through BNP Paribas in its capacity as arranger and initial purchaser of the offering of such Notes subject to prior sale.

EU & UK Risk Retention: The Retention Holder (CVC Credit Partners Global CLO Management III Global Cell PC) will subscribe for on the Issue Date and retain, on an ongoing basis for so long as any Class of Notes remains outstanding, a material net economic interest of not less than 5% of the Principal Amount Outstanding of each Class of Notes within the meaning of Article 6(3)(a) of the EU/UK Securitisation Regulation as it applies at the Issue Date.

US Risk Retention: It is intended to satisfy the risk retention requirements under the US Risk Retention Rules with respect to this securitisation transaction by acquiring and holding an "eligible horizontal residual interest" in an amount at least equal to the amount required (and for so long as required) by the US Risk Retention Rules.