Jubilee CLO 2020-XXIV DAC (Refinance): 21 November 2025

The assets securing the Notes will consist predominantly of a portfolio of Secured Senior Loans, Secured Senior Bonds, Unsecured Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by BSP CLO Management LLC.

On 13 January 2021 (the Original Issue Date) the Issuer issued Class A Senior Secured Floating Rate Notes due 2034, Class B-1 Senior Secured Floating Rate Notes due 2034, Class B-2 Senior Secured Floating Rate Notes due 2034, Class C Deferrable Mezzanine Floating Rate Notes due 2034, Class D Deferrable Mezzanine Floating Rate Notes due 2034, Class E Deferrable Junior Floating Rate Notes due 2034, Class F Deferrable Junior Floating Rate Notes due 2034 and Subordinated Notes due 2034.

On or about 20 November 2025 (the Re-issue Date) the Issuer will, subject to certain conditions, refinance the Refinanced 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-1-R Senior Secured Floating Rate Notes due 2038, Class B-2-R Senior Secured Fixed Rate Notes due 2038, Class C-R Deferrable Mezzanine Floating Rate Notes due 2038, Class D-R Deferrable Mezzanine Floating Rate Notes due 2038, Class E-R Deferrable Junior Floating Rate Notes due 2038 and Class F-R Deferrable Junior Floating Rate Notes due 2038.

The Existing Subordinated Notes were issued on the Original Issue Date and are not being offered pursuant to this Offering.