Signal Harmonic CLO V DAC: 02 August 2025

The assets securing the Notes will consist primarily of a portfolio of Senior Obligations and High Yield Bonds managed by collateral manager Signal Harmonic Limited.

Eligibility criteria (includes): it is a Secured Senior Obligation, an Exchanged Obligation, a Corporate Rescue Loan, an Unsecured Senior Obligation, a Second Lien Loan, a First Lien Last Out Loan or a High Yield Bond; it is not a Structured Finance Security, Letter of Credit or Synthetic Security; it is not a Zero Coupon Security or Step-Down Coupon Security; other than in the case of a Corporate Rescue Loan (which shall have a rating as determined by the definition of “S&P Rating” and “Fitch Rating” as applicable) it is an obligation which has a S&P Rating of “CCC-” or higher and a Fitch Rating of “CCC-” or higher; it is an obligation of an Obligor or Obligors Domiciled in a Non-Emerging Market Country (as determined by the Collateral Managers acting on behalf of the Issuer); other than in the case of a Swapped Non-Discount Obligation, it has a minimum purchase price of 60.0% of the Principal Balance of such Collateral Obligation.

The Issuer anticipates that, by the Issue Date, it will have purchased or committed to purchase Collateral Obligations representing approximately 100.0% of the Target Par Amount. The estimated proceeds of the issue of the Notes are expected to be approximately €400,500,000.00.

EU & UK Risk Retention: On the Issue Date, Signal Loan Management DAC (the Retention Holder) will undertake, amongst other things, that it will purchase and retain certain Retention Notes with the intention of complying with the EU/UK Retention Requirements as they apply at the Issue Date.