Dartry Park CLO DAC (refinance): 18 March 2021

The assets securing the Notes will consist primarily of a portfolio of Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Blackstone Ireland Limited.

On 16 March 2015 (the Original Issue Date) Dartry Park CLO DAC issued Class A-1A Senior Secured Floating Rate Notes due 2029, Class A-1B Senior Secured Fixed Rate Notes due 2029, Class A-2A Senior Secured Floating Rate Notes due 2029, Class A-2B Senior Secured Fixed Rate Notes due 2029, Class B Senior Secured Deferrable Floating Rate Notes due 2029, Class C Senior Secured Deferrable Floating Rate Notes due 2029, Class D Senior Secured Deferrable Floating Rate Notes due 2029, Class E Senior Secured Deferrable Floating Rate Notes due 2029 and Subordinated Notes due 2029.

On 28 July 2017 (the 2017 Refinancing Date), the Issuer refinanced the Original Class A-1 Notes, the Original Class A-2 Notes, the Original Class B Notes and the Original Class C Notes.

On 16 March 2021 (the second refinancing date) the Issuer will, subject to certain conditions, refinance the 2017 Class A1 Notes, the 2017 Class A-2 Notes, the 2017 Class B Notes, the 2017 Class C Notes, the Original Class D Notes and the Original Class E Notes by issuing Class X Senior Secured Floating Rate Notes due 2034, Class A-1 Senior Secured Floating Rate Notes due 2034, Class A-2 Senior Secured Floating Rate Notes due 2034, Class B Senior Secured Deferrable Floating Rate Notes due 2034, Class C Senior Secured Deferrable Floating Rate Notes due 2034, Class D Senior Secured Deferrable Floating Rate Notes due 2034, and Class E Senior Secured Deferrable Floating Rate Notes due 2034. The Issuer will also issue additional Subordinated Notes due 2034, together with the Existing Subordinated Notes.

EU Risk Retention: Blackstone Corporate Funding DAC, in its capacity as the originator, will undertake that it will continue to hold and (if relevant) subscribe for on the Issue Date on an ongoing basis for so long as any Class of Notes remains outstanding, Subordinated Notes with an original Principal Amount Outstanding multiplied by the relevant issue price at which such Subordinated Notes were purchased by BCF (such original Principal Amount Outstanding as calculated as of the relevant date of issuance of such Subordinated Notes) which is equal to or greater than 5% of the greater of the Target Par Amount and the Collateral Principal Amount on the relevant date of determination.

US Risk Retention: The Collateral Manager and the Retention Holder, as sponsors under the U.S. Risk Retention Rules, do not intend to retain at least 5% of the credit risk of the securitised assets for the purposes of compliance with the credit risk retention requirements of Section 941 of the Dodd-Frank Act, but rather intend to rely on an exemption provided for in Section __.20 of the U.S. Risk Retention Rules regarding non-U.S. transactions that meet certain requirements.