Ringsend Park CLO DAC: 03 August 2025

The assets securing the Debt (as defined below) 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): other than in the case of a Current Pay Obligation, Corporate Rescue Loan, any Received Obligation received as part of a Bankruptcy Exchange or an obligation which is Uptier Priming Debt, it is not a Defaulted Obligation, a Credit Risk Obligation or Equity Security, including any obligation that by its terms is convertible into an Equity Security (provided it may attach a warrant or option which is an Equity Security); it is not a: (i) Structured Finance Security; (ii) Letter of Credit; or (iii) Synthetic Security; it is not a: (i) Zero Coupon Security; or (ii) 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), a Current Pay Obligation, any Received Obligation received as part of a Bankruptcy Exchange or an obligation which is Uptier Priming Debt, it is an obligation which has: (i) a S&P Rating of “CCC-” or higher; and (ii) a Fitch Rating of “CCC-” or higher.

The Issuer anticipates that by the Issue Date it, or the Collateral Manager on its behalf, will have purchased or committed to purchase Collateral Obligations the Aggregate Principal Balance of which is equal to approximately 100.00% of the Target Par Amount.

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

UK & EU Risk Retention: BCM will make a commitment for this transaction to retain a material net economic interest in the securitisation, as “originator” in respect of the securitisation, by continuing to hold the Retention Notes.

US Risk Retention: Blackstone CLO Management LLC will also retain certain of the Notes in order to satisfy the U.S. Risk Retention Rules.