Griffith Park CLO (2nd Refinance): 01 April 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 8 September 2016 (the Original Issue Date) Griffith Park CLO issued Class A-1 Senior Secured Floating 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 21 November 2018 (the 2018 Refinancing Date), the Issuer refinanced the Notes and issued Class X Senior Secured Floating Rate Notes due 2031, Class A-1A Senior Secured Floating Rate Notes due 2031, Class A-1B Senior Secured Floating Rate Notes due 2031, Class A-2A Senior Secured Floating Rate Notes due 2031, Class A-2B Senior Secured Fixed Rate Notes due 2031, Class B-1 Senior Secured Deferrable Floating Rate Notes due 2031, Class B-2 Senior Secured Deferrable Floating Rate Notes due 2031, Class C Senior Secured Deferrable Floating Rate Notes due 2031, Class D Senior Secured Deferrable Floating Rate Notes due 2031 and Class E Senior Secured Deferrable Floating Rate Notes due 2031. The Subordinated Notes were not refinanced and remained outstanding.

On or about 31 March 2021 (the 2021 Refinancing Date), the Issuer will refinance the 2018 Class A Notes, the 2018 Class B Notes and the 2018 Class C Notes.

The Offered Notes are being offered by the Issuer through BNP Paribas in its capacity as initial purchaser of such Offered Notes subject to prior sale.

EU Risk Retention: Blackstone Corporate Funding DAC, in its capacity as the originator, will continue to hold 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 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.