Avoca Static CLO I DAC (Refinance): 24 November 2024

The assets securing the Notes will consist primarily of a portfolio of Secured Senior Loans and Secured Senior Bonds, and will be managed by KKR Credit Advisors (Ireland) Unlimited Company.

On 21 September 2023 (the Original Issue Date) Avoca Static CLO I issued Class A Senior Secured Floating Rate Notes due 2030, Class B Senior Secured Floating Rate Notes due 2030, Class C Deferrable Mezzanine Floating Rate Notes due 2030, Class D Deferrable Mezzanine Floating Rate Notes due 2030, Class E Deferrable Junior Floating Rate Notes due 2030 and Profit Participating Notes due 2070.

On or about 20 November 2024 (the re-issue Date) the Issuer will, subject to the satisfaction of certain conditions, refinance the Original Notes by issuing Class A-R Senior Secured Floating Rate Notes due 2035, Class B-R Senior Secured Floating Rate Notes due 2035, Class C-R Deferrable Mezzanine Floating Rate Notes due 2035, Class D-R Deferrable Mezzanine Floating Rate Notes due 2035 and Class E-R Deferrable Junior Floating Rate Notes due 2035.

The Subordinated PPNs are not being offered as part of this re-financing.