Avoca CLO XVIII PLC (Refinance): 21 January 2025

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

On 24 May 2018 (the Original Issue Date) Avoca CLO XVIII issued Class A Senior Secured Floating Rate Notes due 2031, Class B-1 Senior Secured Floating Rate Notes due 2031, Class B-2 Senior Secured Fixed Rate Notes due 2031, Class C Deferrable Mezzanine Floating Rate Notes due 2031, Class D Deferrable Mezzanine Floating Rate Notes due 2031, Class E Deferrable Junior Floating Rate Notes due 2031, Class F Deferrable Junior Floating Rate Notes due 2031 and Subordinated Notes due 2031.

On or about 15 January 2025 (the re-issue Date) the Issuer will, subject to the satisfaction of certain conditions, refinance the Notes by issuing Class X Senior Secured Floating Rate Notes due 2038, Class A-1 Senior Secured Floating Rate Notes due 2038, Class A-2 Senior Secured Floating Rate Notes due 2038, Class B Senior Secured Floating Rate Notes due 2038, Class C-R Deferrable Mezzanine Floating Rate Notes due 2038, Class D-R Deferrable Mezzanine Floating Rate Notes due 2038, Class E-R Deferrable Junior Floating Rate Notes due 2038 and Class F-R Deferrable Junior Floating Rate Notes due 2038.

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