Cathedral Lake IV (Refinance): 25 October 2019

The Notes will be secured by a portfolio consisting primarily of senior secured loans, and will be managed by Carlson CLO Advisers, LLC in its capacity as Collateral Manager for the Issuer.

On 27 October 2016 (the Original Closing Date) the Co-Issuers issued Class A Senior Secured Floating Rate Notes, Class B Senior Secured Floating Rate Notes, Class C Secured Deferrable Floating Rate Notes and Class E-2 Secured Deferrable Floating Rate Notes, which are being refinanced in connection with the issuance of the 2019 Replacement Notes. On the Original Closing Date the Co-Issuers also issued Class D Secured Deferrable Floating Rate Notes, Class E-1 Secured Deferrable Floating Rate Notes and Subordinated Notes, all of which remain outstanding and are not being refinanced.

On 21 October 2019 (the 2019 Refinancing Date), the Refinanced Notes will be refinanced by the Co-Issuers issuing Class A-R Senior Secured Floating Rate Notes due 2028, Class B-R Senior Secured Floating Rate Notes due 2028, Class C-R Secured Deferrable Floating Rate Notes due 2028 and Class E-2-R Secured Deferrable Floating Rate Notes due 2028.