CVC Cordatus Loan Fund X DAC (Refinance): 17 February 2025

The assets securing the Notes will consist primarily of a portfolio of Senior Secured Loans, Senior Secured Bonds, Second Lien Loans, Mezzanine Obligations and High Yield Bonds, and will be managed by (a) prior to (but excluding) the Issue Date, CVC Credit Partners European CLO Management LLP; and (b) on and after the Issue Date, CVC Credit Partners Investment Management Limited.

On 31 January 2018 (the Original Issue Date) CVC Cordatus Loan Fund X issued Class A-1 Senior Secured Floating Rate Notes due January 2031, Class A-2 Senior Secured Fixed Rate Notes due January 2031, Class B-1 Senior Secured Floating Rate Notes due January 2031, Class B-2 Senior Secured Fixed Rate Notes due January 2031, Class C Senior Secured Deferrable Floating Rate Notes due January 2031, Class D Senior Secured Deferrable Floating Rate Notes due January 2031, Class E Senior Secured Deferrable Floating Rate Notes due January 2031, Class F Senior Secured Deferrable Floating Rate Notes due January 2031, M-1 Subordinated Notes due January 2031 and M-2 Subordinated Notes due January 2031.

On 14 February 2025 (the re-issue Date) the Issuer will, subject to certain conditions, refinance the Notes by issuing Class A Senior Secured Floating Rate Notes due 2038, Class B-1-R Senior Secured Floating Rate Notes due 2038, Class B-2-R Senior Secured Fixed Rate Notes due 2038, Class C-R Senior Secured Deferrable Floating Rate Notes due 2038, Class D-R Senior Secured Deferrable Floating Rate Notes due 2038, Class E-R Senior Secured Deferrable Floating Rate Notes due 2038, Class F-R Senior Secured Deferrable Floating Rate Notes due 2038 and Additional Subordinated Notes due 2038.

Subject to the Ordinary Resolution of the holders of the Original Subordinated Notes, the M-2 Subordinated Notes will be exchanged on the Issue Date for €1,000,000 of new Subordinated Notes and certain amendments will be made to the Existing Subordinated Notes.