Penta CLO 2021-2 DAC (Refinancing): 02 April 2025

The assets securing the Debt will consist of a portfolio of primarily Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Partners Group (UK) Management Ltd.

On 28 October 2021 (the Original Issue Date) the Issuer 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 Senior Secured Deferrable Floating Rate Notes due 2034, Class D Senior Secured Deferrable Floating Rate Notes due 2034, Class E Senior Secured Deferrable Floating Rate Notes due 2034, Class F Senior Secured Deferrable Floating Rate Notes due 2034 and Subordinated Notes due 2034.

On or about 31 March 2025 (the re-issue Date) the Issuer will, subject to the satisfaction of certain conditions, redeem the Notes by issuing Class A-1-R Senior Secured Floating Rate Notes due 2038, Class A-2-R Senior Secured Floating Rate Notes due 2038, Class B-R Senior Secured Floating 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.

The existing Subordinated Notes were issued on the Original Issue Date with a principal amount outstanding of €27.9mln and are not being offered pursuant to this Offering. The additional Subordinated Notes being offered pursuant to this Offering and the existing Subordinated Notes shall form a single class of Subordinated Notes.

The Class A-1 Loans are not being offered herein and references to the Class A-1 Loans are included in the Offering Circular for information purposes only.