Dryden 91 Euro CLO 2021 (Refinance): 20 December 2024

The assets securing the Notes will consist primarily of a portfolio of Collateral Debt Obligations consisting at the time of acquisition of predominantly Senior Secured Loans, Senior Secured Bonds, Corporate Rescue Obligations, Unsecured Senior Obligations, Second Lien Loans, Mezzanine Obligations, High Yield Bonds and Loss Mitigation Obligations, and will be managed by both PGIM Loan Originator Manager Limited with respect to dealings in Collateral Debt Obligations and Loss Mitigation Obligations constituting loans and PGIM Limited.

On 6 May 2022 (the Original Issue Date ) Dryden 91 Euro CLO 2021 issued Class A Senior Secured Floating Rate Notes due 2035, Class B-1 Senior Secured Floating Rate Notes due 2035, Class B-2 Senior Secured Fixed Rate Notes due 2035, Class C Mezzanine Secured Deferrable Floating Rate Notes due 2035, Class D Mezzanine Secured Deferrable Floating Rate Notes due 2035, Class E Mezzanine Secured Deferrable Floating Rate Notes due 2035, Class F Mezzanine Secured Deferrable Floating Rate Notes due 2035 and Subordinated Notes due 2035.

On or about 17 December 2024 (the Re-issue Date) the Issuer will, subject to certain conditions, refinance in whole the Notes by issuing Class A Senior Secured Floating Rate Notes due 2038, Class B-1 Senior Secured Floating Rate Notes due 2038, Class B-2 Senior Secured Fixed Rate Notes due 2038, Class C Mezzanine Secured Deferrable Floating Rate Notes due 2038, Class D Mezzanine Secured Deferrable Floating Rate Notes due 2038, Class E Mezzanine Secured Deferrable Floating Rate Notes due 2038 and Class F Mezzanine Secured Deferrable Floating Rate Notes due 2038.

The Subordinated Notes were issued on the Original Issue Date and are not being offered pursuant to this Offering.