Avoca CLO XVII PLC (Refinance): 17 October 2019

The assets securing the notes will consist of a portfolio of Senior Loans, Secured Senior Bonds, Corporate Rescue Loans, Mezzanine Obligations and High Yield Bonds, and will be managed by KKR Credit Advisors (Ireland) Unlimited Company.

On 8 December 2016 (the Original Issue Date) Avoca CLO XVII issued Class A-1 Senior Secured Floating Rate Notes due 2030, Class A-2 Senior Secured Fixed Rate Notes due 2030, Class B Senior Secured Floating Rate Notes due 2030, Class C Deferrable Mezzanine Floating Rate Notes due 2030, Class D Deferrable Mezzanine Floating Rate Notes due 2030, Class E Deferrable Junior Floating Rate Notes due 2030, Class F Deferrable Junior Floating Rate Notes due 2030 and Subordinated Notes due 2030.

On or about 15 October 2019 (the re-issue Date) the Issuer will, subject to the satisfaction of certain conditions, refinance the Original Class A Notes, the Original Class B Notes, the Original Class C Notes, the Original Class D Notes, the Original Class E Notes and the Original Class F Notes by issuing Class X Senior Secured Floating Rate Notes due 2032, Class A-R Senior Secured Floating Rate Notes due 2032, Class B-1R Senior Secured Floating Rate Notes due 2032, Class B-2R Senior Secured Fixed Rate Notes due 2032, Class C-R Deferrable Mezzanine Floating Rate Notes due 2032, Class D-R Deferrable Mezzanine Floating Rate Notes due 2032, Class E-R Deferrable Junior Floating Rate Notes due 2032 and Class F-R Deferrable Junior Floating Rate Notes due 2032. The Issuer will also issue an additional €5,450,000 Subordinated Notes due 2032.