Blackrock European CLO XII (Refinance): 05 August 2025

The assets securing the Notes will consist of a portfolio primarily of Senior Loans, Senior Secured Bonds, Mezzanine Obligations and High Yield Bonds, and will be managed by BlackRock Investment Management (UK) Limited.

On 17 December 2021 (the Original Issue Date) BlackRock European CLO XII issued Class A Senior Secured Floating Rate Notes due 2035, Class B-1 Senior Secured Fixed Rate Notes due 2035, Class B-2 Senior Secured Floating Rate Notes due 2035, Class C-1 Senior Secured Deferrable Floating Rate Notes due 2035, Class C-2 Senior Secured Deferrable Floating Rate Notes due 2035, Class D Senior Secured Deferrable Floating Rate Notes due 2035, Class E Senior Secured Deferrable Floating Rate Notes due 2035, Class F Senior Secured Deferrable Floating Rate Notes due 2035 and Subordinated Notes due 2035.

On or about 1 August 2025 (the Re-issue Date) the Issuer will, subject to the satisfaction of certain conditions, refinance the Notes by issuing Class X Senior Secured Floating Rate Notes due 2038, Class A-R Senior Secured Floating Rate Notes due 2038, Class B-R Senior Secured Floating Rate Notes due 2038, Class C-R Senior Secured Deferrable Floating Rate Notes due 2038, Class D-R Senior Secured Deferrable Floating Rate Notes due 2038, Class E-R Senior Secured Deferrable Floating Rate Notes due 2038 and Class F-R Senior Secured Deferrable Floating Rate Notes due 2038.

The Issuer will also issue additional Subordinated Notes due 2038, which shall form a single class of Subordinated Notes with an aggregate principal amount outstanding of €46,170,000.