Tikehau CLO V DAC (Refinance): 08 August 2025

The assets securing the Notes will consist of a portfolio of Senior Secured Loans, Senior Secured Bonds, Second Lien Loans, Mezzanine Obligations and High Yield Bonds, and will be managed by Tikehau Capital Europe Limited.

On 5 September 2019 (the Original Issue Date) Tikehau CLO V issued Class X Senior Secured Floating Rate Notes due 2032, Class A Senior Secured Floating Rate Notes due 2032, Class B-1 Senior Secured Floating Rate Notes due 2032, Class B-2 Senior Secured Fixed Rate Notes due 2032, Class C-1 Senior Secured Deferrable Floating Rate Notes due 2032, Class C-2 Senior Secured Deferrable Floating Rate Notes due 2032, Class D1 Senior Secured Deferrable Floating Rate Notes due 2032, Class D-2 Senior Secured Deferrable Floating Rate Notes due 2032, Class E Senior Secured Deferrable Floating Rate Notes due 2032, Class F Senior Secured Deferrable Floating Rate Notes due 2032 and Subordinated Notes due 2032.

On or about 5 August 2025 (the Re-issue Date) the Issuer will, subject to the satisfaction of certain conditions, refinance in whole the Original Rated Notes by issuing Class A Senior Secured Floating Rate Notes due 2038, Class B Senior Secured Floating Rate Notes due 2038, Class C Senior Secured Deferrable Floating Rate Notes due 2038, Class D Senior Secured Deferrable Floating Rate Notes due 2038, Class E Senior Secured Deferrable Floating Rate Notes due 2038 and Class F Senior Secured Deferrable Floating Rate Notes due 2038. The Issuer will also issue additional Subordinated Notes.

The Existing Subordinated Notes were issued on the Original Issue Date with a principal amount outstanding of €39,800,000 and are not being offered pursuant to this Offering.