Palmer Square European CLO 2024-1 (Refinance): 26 December 2025

The assets securing the Debt will consist of a portfolio of primarily Secured Senior Obligations, Unsecured Senior Obligations and Second Lien Loans, Mezzanine Obligations and High Yield Bonds, and will be managed by Palmer Square Europe Capital Management LLC.

On 6 June 2024 (the Original Issue Date) Palmer Square European CLO 2024-1 issued Class A Senior Secured Floating Rate Notes due 2037, Class B-1 Senior Secured Floating Rate Notes due 2037, Class B-2 Senior Secured Fixed Rate Notes due 2037, Class C Senior Secured Deferrable Floating Rate Notes due 2037, Class D Senior Secured Deferrable Floating Rate Notes due 2037, Class E Senior Secured Deferrable Floating Rate Notes due 2037, Class F Senior Secured Deferrable Floating Rate Notes due 2037 and Subordinated Notes due 2037.

In addition, on the Original Issue Date, the Issuer entered into a loan agreement pursuant to which the Class A Lenders made available to the Issuer a Senior Secured Floating Rate Loan Facility in an amount equal to €127,000,000, which was fully drawn on the Original Issue Date.

On 23 December 2025 (the Re-issue Date) the Issuer will, subject to certain conditions, refinance in whole each Class of the Rated Notes by issuing Class A-R Senior Secured Floating Rate Notes due 2038, Class B-R Senior Secured Floating Rate Notes due 2039, Class C-R Senior Secured Deferrable Floating Rate Notes due 2039, Class D-R Senior Secured Deferrable Floating Rate Notes due 2039, Class E-R Senior Secured Deferrable Floating Rate Notes due 2039 and Class F-R Senior Secured Deferrable Floating Rate Notes due 2039.

The Subordinated Notes were issued on the Original Issue Date with a principal amount outstanding of €42,200,000 and are not being offered pursuant to this Offering.