Taurus 2025-1 EU DAC: 02 March 2025

The Issuer will make payments on the Notes and the Issuer Loan from payments of principal and interest received by the Issuer under the Securitised Senior Loan. Payments under the Securitised Senior Loan received by the Issuer will, after payment of certain costs and expenses, be allocated to the Notes and will be applied in accordance with the Issuer Priorities of Payments. The Securitised Senior Loan will be secured by, among other things, a portfolio of logistics properties located throughout France and Germany.

The Property Portfolio comprises 37 urban last-mile logistics properties located across Germany and France. The Property Portfolio was aggregated by the Loan Sponsor between 2020-2021 through 10 different transactions, targeting institutional grade assets with strong reversionary potential in last-mile, urban locations, near primary transport corridors or key gateway cities. The Properties offer approximately 276k sqm of total lettable area across 45 units. As at the Cut-Off Date, the Properties are let to 17 unique tenants at an occupancy level of 98.4% and a weighted average lease term to break of 4.3 years and to expiry of 5.5 years.

EU, UK & US Risk Retention: For the purposes of satisfying EU, UK and US risk retention requirements, Bank of America Europe will, pursuant to the Issuer Loan Agreement, advance a euro loan (the “Issuer Loan”) to the Issuer on the Closing Date. As at the Closing Date, the principal amount of the Issuer Loan will be equal to €13mln, being equal to not less than 5% of the sum of (i) the aggregate principal amount outstanding of the Notes and (ii) the principal amount of the Issuer Loan, on the Closing Date.