Bastille Euro CLO 2020-3 (Refinance): 22 December 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 Carlyle CLO Management Europe LLC (formerly CBAM CLO Management Europe LLC).

On 5 November 2020 (the Original Issue Date) Bastille Euro CLO 2020-3 issued Class A Senior Secured Floating Rate Notes due 2034, Class B-1 Senior Secured Floating Rate Notes due 2034, Class B-2 Senior Secured Fixed Rate Notes due 2034, Class C Deferrable Mezzanine Floating Rate Notes due 2034, Class D Deferrable Mezzanine Floating Rate Notes due 2034, Class E Deferrable Junior Floating Rate Notes due 2034, Class F Deferrable Junior Floating Rate Notes due 2034 and Subordinated Notes due 2034.

On 19 December 2024 (the re-issue Date) Bastille Euro CLO 2020-3 DAC will refinance the Notes, subject to certain conditions, by issuing Class X Senior Secured Floating Rate Notes due 2039, Class A-1-R Senior Secured Floating Rate Notes due 2039, Class A-2A-R Senior Secured Floating Rate Notes due 2039, Class A-2B-R Senior Secured Fixed Rate Notes due 2039, Class B-R Senior Secured Deferrable Floating Rate Notes due 2039, Class C-R Senior Secured Deferrable Floating Rate Notes due 2039, Class D-R Senior Secured Deferrable Floating Rate Notes due 2039 and Class E-R Senior Secured Deferrable Floating Rate Notes due 2039.

The Issuer will also issue an additional €15,675,000 Subordinated Notes due 2039, which shall form a single class of Subordinated Notes with an aggregate principal amount outstanding of €37,100,000. The Maturity Date of the Original Subordinated Notes will be extended on the Issue Date as set out in this offering.

Citigroup Global Markets Limited has been engaged by Carlyle CLO Management Europe LLC to act as arranger and placement agent in connection with this CLO transaction.