Nassau Euro CLO II DAC (Refinance): 13 February 2025

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 Nassau Global Credit (UK) LLP (formerly known as Nassau Corporate Credit (UK) LLP).

On 9 February 2023 (the Original Issue Date) Nassau Euro CLO II DAC issued Class A Senior Secured Floating Rate Notes due 2036, Class B-1 Senior Secured Floating Rate Notes due 2036, Class B-2 Senior Secured Fixed Rate Notes due 2036, Class C Senior Secured Deferrable Floating Rate Notes due 2036, Class D Senior Secured Deferrable Floating Rate Notes due 2036, Class E Senior Secured Deferrable Floating Rate Notes due 2036, Class F Senior Secured Deferrable Floating Rate Notes due 2036 and Subordinated Notes due 2036.

The Original Class F Notes were subscribed for by the Issuer on the Original Issue Date and were subsequently sold on 25 April 2024 with the Subordinated Notes subject to a mandatory redemption.

On or about 10 February 2025 (the re-issue Date) the Issuer will, subject to certain conditions, refinance the Notes in whole by issuing Class A Senior Secured Floating Rate Notes due 2039, Class B Senior Secured Floating Rate Notes due 2039, Class C Senior Secured Deferrable Floating Rate Notes due 2039, Class D Senior Secured Deferrable Floating Rate Notes due 2039, Class E Senior Secured Deferrable Floating Rate Notes due 2039 and Class F Senior Secured Deferrable Floating Rate Notes due 2039.

The Subordinated Notes were issued on the Original Issue Date and are not being offered pursuant to this Offering. The current Principal Amount Outstanding of the Subordinated Notes as at the date hereof is €46,625,000, following a mandatory redemption in part on 25 April 2024.