Tully Park CLO DAC: 27 June 2025

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.

Eligibility criteria (includes): it is a Secured Senior Loan, a Secured Senior Bond, a Corporate Rescue Loan, an Unsecured Senior Loan, a Mezzanine Obligation, a Second Lien Loan or a High Yield Bond; it is not a Defaulted Obligation or a Credit Impaired Obligation; it is not a lease; it is not a Structured Finance Security, Pre-Funded Letter of Credit, Collateralised Letter of Credit or a Synthetic Security; it is an obligation of an Obligor or Obligors Domiciled in a Qualifying Country; it is not a Project Finance Loan; it is not a Deferring Security; it is not a Collateral Debt Obligation of KKR or any Portfolio Company sponsored by KKR that was organised or incorporated in the United States; other than in the case of Corporate Rescue Loans, Received Obligations acquired in a Bankruptcy Exchange or Uptier Priming Debt, for so long as Fitch assigns a rating in respect of an Outstanding Class, it has a Fitch Rating of not lower than "CCC-" and, for so long as S&P assigns a rating in respect of an Outstanding Class, it has a S&P Rating of not lower than "CCC-"; it is not a PIK Obligation; it is not a Zero Coupon Obligation; it is not a Bridge Loan; it is not a Collateral Obligation with an Obligor domiciled in a country with a Moody’s local currency country risk ceiling below “A3”.

The Issuer anticipates that by the Issue Date it, or the Investment Manager on its behalf, will have purchased or committed to purchase Collateral Debt Obligations the Aggregate Principal Balance of which is approximately €402.1mln, which is approximately 97.5% of the Target Par Amount.

The Notes are being offered by the Issuer through Merrill Lynch International in its capacity as initial purchaser of such Notes subject to prior sale.

EU & UK Risk Retention: BCM will hold the Retention Notes in its capacity as an “originator” for the purposes of the Retention Requirements as they apply as at the Issue Date and will acquire and retain, on an ongoing basis for so long as any Class of Notes remains outstanding, a material net economic interest of not less than 5% of the nominal value of each Class of Notes.

US Risk Retention: BCM intends to satisfy the risk retention requirements under the US Risk Retention Rules with respect to this securitisation transaction by acquiring and holding an “eligible vertical interest” in an amount at least equal to the amount required (and for so long as required) by the US Risk Retention Rules in the form of the US Retention Interest.