Palmer Square European CLO 2022-2 (2nd Refinance): 05 August 2025

The assets securing the Notes will consist of a portfolio of primarily Secured Senior Obligations, Unsecured Senior Obligations and Second Lien Loans, Mezzanine Obligations and High Yield Bonds, and will be managed by Palmer Square Europe Capital Management LLC.

On 1 December 2022 (the Original Issue Date) Palmer Square European CLO 2022-2 issued Class A-1 Senior Secured Floating Rate Notes due 2036, Class A-2 Senior Secured Floating Rate Notes due 2036, Class B Senior Secured Floating Rate Notes due 2036, Class C Senior Secured Deferrable Floating Rate Notes due 2036, Class D Senior Secured Deferrable Floating Rate Notes due 2036, Class E Senior Secured Deferrable Floating Rate Notes due 2036 and Subordinated Notes due 2036.

On 26 January 2024 (the 2024 Refinancing Date) the Issuer refinanced in whole each Class of the 2022 Refinanced Notes by issuing 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.

On 1 August 2025 (the 2025 Re-issue Date) the Issuer will, subject to certain conditions, refinance in whole each Class of the 2024 Refinanced Notes by issuing Class A-RR Senior Secured Floating Rate Notes due 2038, Class B-RR Senior Secured Floating Rate Notes due 2038, Class C-RR Senior Secured Deferrable Floating Rate Notes due 2038, Class D-RR Senior Secured Deferrable Floating Rate Notes due 2038, Class E-RR Senior Secured Deferrable Floating Rate Notes due 2038 and Class F-RR Senior Secured Deferrable Floating Rate Notes due 2038.

The Subordinated Notes were issued on the Original Issue Date with a principal amount outstanding of €45,600,000 and are not being offered pursuant to this Offering.