Nassau Euro CLO III DAC (Refinance): 22 September 2025

The assets securing the Notes will consist primarily of a portfolio of Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Nassau Global Credit (UK) LLP (formerly known as Nassau Corporate Credit (UK) LLP).

On 22 August 2023 (the Original Issue Date) Nassau Euro CLO III DAC issued Class A Notes due 2036, Class B-1 Notes due 2036, Class B-2 Notes due 2036, Class C Notes due 2036, Class D Notes due 2036, Class E Notes due 2036, Class F Notes due 2036 and Subordinated Notes due 2036.

The Original Class F Notes were subscribed for by the Issuer on the Original Issue Date and were subsequently sold on 13 May 2024, with the Subordinated Notes then subject to a partial mandatory redemption.

On or about 17 September 2025 (the re-issue Date) the Issuer will, subject to certain conditions, refinance the Notes in whole by issuing Class A Notes due 2039, Class B Notes due 2039, Class C Notes due 2039, Class D Notes due 2039, Class E Notes due 2039 and Class F Notes due 2039.

The Subordinated Notes were issued on the Original Issue Date and are not being offered pursuant to this Offering. The current Principal Amount Outstanding of the Subordinated Notes as at the date hereof is €27,000,000, following a mandatory redemption in part on 13 May 2024.