Providus CLO X (Re-finance): 29 November 2025

The assets securing the Notes will consist of a portfolio of primarily Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Permira European CLO Manager LLP.

On 9 May 2024 (the Original Issue Date) Providus CLO X issued Class A-1 Senior Secured Floating Rate Notes due 2038, Class A-2 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, Class F Senior Secured Deferrable Floating Rate Notes due 2038 and Subordinated Notes due 2038.

On 26 November 2025 (the Re-issue Date) the Issuer will, subject to certain conditions, refinance in whole each Class of Rated Notes by issuing Class A-1-R Senior Secured Floating Rate Notes due 2038, Class A-2-R Senior Secured Floating Rate Notes due 2038, Class B-R Senior Secured Floating Rate Notes due 2038, Class C-R Senior Secured Deferrable Floating Rate Notes due 2038, Class D-R Senior Secured Deferrable Floating Rate Notes due 2038, Class E-R Senior Secured Deferrable Floating Rate Notes due 2038, Class F-R Senior Secured Deferrable Floating Rate Notes due 2038 and additional Subordinated Notes due 2038.

The Existing Subordinated Notes were issued on the Original Issue Date with a principal amount outstanding of €28,900,000 and are not being offered pursuant to this Offering. The Additional Subordinated Notes and the Existing Subordinated Notes issued on the Original Issue Date shall together form a single class of Subordinated Notes.