Anchorage Capital Europe CLO 2 DAC (2nd Refinance): 19 August 2025

On 18 October 2018 (the “Original Issue Date”) Anchorage Capital Europe CLO 2 DAC (the “Issuer”) issued Class A-1 Senior Secured Floating Rate Notes due 2031, Class A-2 Senior Secured Fixed Rate Notes due 2031, Class B Senior Secured Floating Rate Notes due 2031, Class C Senior Secured Deferrable Floating Rate Notes due 2031, Class D-1 Senior Secured Deferrable Floating Rate Notes due 2031, Class D-2 Senior Secured Deferrable Fixed Rate Notes due 2031, Class E Senior Secured Deferrable Floating Rate Notes due 2031, Class F Senior Secured Deferrable Floating Rate Notes due 2031 and Subordinated Notes due 2031.

On 20 April 2021 (the “Refinancing Date”) the Issuer redeemed the Original Rated Notes by issuing Class A Senior Secured Floating Rate Notes due 2034, Class B-1 Senior Secured Floating Rate Notes due 2034, Class B-2 Senior Secured Fixed Rate Notes due 2034, Class C Senior Secured Deferrable Floating Rate Notes due 2034, Class D Senior Secured Deferrable Floating Rate Notes due 2034, Class E Senior Secured Deferrable Floating Rate Notes due 2034 and Class F Senior Secured Deferrable Floating Rate Notes due 2034.

On 15 August 2025 (the “Issue Date”) the Issuer will refinance in whole each Class of the Refinanced 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 Original Subordinated Notes were issued on the Original Issue Date and are not being offered pursuant to this Offering.