OCP Euro CLO 2020-4 DAC (2nd Refinance): 16 August 2025

The assets securing the Notes will consist primarily of a portfolio of Senior Obligations, Mezzanine Obligations and High Yield Bonds managed by Onex Credit Partners LLC.

On 24 June 2020 (the Original Issue Date) OCP Euro CLO 2020-4 issued Class A Senior Secured Floating Rate Notes due 2033, Class B-1 Senior Secured Floating Rate Notes due 2033, Class B-2 Senior Secured Fixed Rate Notes due 2033, Class C Senior Secured Deferrable Floating Rate Notes due 2033, Class D Senior Secured Deferrable Floating Rate Notes due 2033, Class E Senior Secured Deferrable Floating Rate Notes due 2033, Class F Senior Secured Deferrable Floating Rate Notes due 2033 and Subordinated Notes due 2033.

On 22 September 2021 (the 2021 Refinancing Date) the Issuer refinanced the Original Class A Notes, Original Class B-1 Notes, Original Class B-2 Notes, Original Class C Notes, Original Class D Notes, Original Class E Notes and Original Class F Notes.

On or about 13 August 2025 (the 2025 Refinancing Date) the Issuer will refinance the 2021 Refinanced Notes by issuing Class A-R Senior Secured Floating Rate Notes due 2039, Class B-R Senior Secured Floating Rate Notes due 2039, Class C-R Senior Secured Deferrable Floating Rate Notes due 2039, Class D-R Senior Secured Deferrable Floating Rate Notes due 2039, Class E-R Senior Secured Deferrable Floating Rate Notes due 2039, Class F-R Senior Secured Deferrable Floating Rate Notes due 2039 and Additional Subordinated Notes due 2039.

The Existing Subordinated Notes were issued on the Original Issue Date and are not being offered pursuant to this Offering. The Additional Subordinated Notes being offered pursuant to this Offering and the Existing Subordinated Notes issued on the Original Issue Date shall form a single class of Subordinated Notes