Penta CLO 12 DAC (2nd Refinance): 05 December 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 Partners Group CLO Advisers LP.

On 9 November 2022 (the Issue Date) the Issuer issued Class A Senior Secured Floating Rate Notes due 2035, Class B Senior Secured Floating Rate Notes due 2035, Class C Senior Secured Deferrable Floating Rate Notes due 2035, Class D Senior Secured Deferrable Floating Rate Notes due 2035, Class E Senior Secured Deferrable Floating Rate Notes due 2035, Class F Senior Secured Deferrable Floating Rate Notes due 2035 and Subordinated Notes due 2035.

On 9 May 2024 (the 2024 Issue Date) the Issuer refinanced the 2022 Debt by issuing Class A-R Senior Secured Floating Rate Notes due 2037, Class B-R Senior Secured Floating Rate Notes due 2037, Class C-R Senior Secured Deferrable Floating Rate Notes due 2037, Class D-R Senior Secured Deferrable Floating Rate Notes due 2037, Class E-R Senior Secured Deferrable Floating Rate Notes due 2037 and Class F-R Senior Secured Deferrable Floating Rate Notes due 2037.

On or about 2 December 2025 (the Re-issue Date) the Issuer will issue Class X-R Senior Secured Floating Rate Notes due 2038, Class A-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 and Class F-R Senior Secured Deferrable Floating Rate Notes due 2038.

The Subordinated Notes were issued on the 2022 Issue Date and are not being offered pursuant to this Offering.