BlackRock European CLO II (Refinance): 19 July 2019

The assets securing the Refinancing Notes will consist of a portfolio of primarily Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by BlackRock Investment Management (UK) Limited.

On 15 December 2016 (the Original Issue Date) BlackRock European CLO II issued Class A Senior Secured Floating Rate Notes due 2030, Class B Senior Secured Floating Rate Notes due 2030, Class C Senior Secured Deferrable Floating Rate Notes due 2030, Class D Senior Secured Deferrable Floating Rate Notes due 2030, Class E Senior Secured Deferrable Floating Rate Notes due 2030, Class F Senior Secured Deferrable Floating Rate Notes due 2030 and Subordinated Notes due 2030.

On 15 July 2019 the Issuer will, subject to certain conditions, refinance the Original Class A Notes, the Original Class B Notes, the Original Class C Notes, the Original Class D Notes and the Original Class E Notes by issuing Class A Senior Secured Floating Rate Notes due 2030, Class B Senior Secured Floating Rate Notes due 2030, Class C Senior Secured Deferrable Floating Rate Notes due 2030, Class D Senior Secured Deferrable Floating Rate Notes due 2030 and Class E Senior Secured Deferrable Floating Rate Notes due 2030.

The Refinancing Notes are being offered by the Issuer through Morgan Stanley & Co International plc in its capacity as initial purchaser of the offering of such Refinancing Notes