Hayfin Emerald CLO IX (Refinance): 21 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 Hayfin Emerald Management LLP.

On 27 April 2022 (the Original Issue Date) Hayfin Emerald CLO IX issued Class A Senior Secured Floating Rate Notes due 2033, Class B-1 Senior Secured Floating Rate Notes due 2033, Class B-2 Senior Secured Fixed Rate Notes due 2033, Class C Senior Secured Deferrable Floating Rate Notes due 2033, Class D Senior Secured Deferrable Floating Rate Notes due 2033, Class E Senior Secured Deferrable Floating Rate Notes due 2033, Class F Senior Secured Deferrable Floating Rate Notes due 2033 and Subordinated Notes due 2033.

In addition, on the Original Issue Date, the Issuer has entered into a loan pursuant to which the Issuer has been provided with a facility in the amount of €75,000,000 which was fully drawn on the Original Issue Date.

On or about 19 December 2025 (the Re-issue Date) the Issuer will, subject to certain conditions, refinance in whole each Class of Rated Debt by issuing Class X Senior Secured Floating Rate Notes due 2039, Class A-R Senior Secured Floating Rate Notes due 2039, Class B-1-R Senior Secured Floating Rate Notes due 2039, Class B-2-R Senior Secured Fixed 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, Class F-1-R Senior Secured Deferrable Floating Rate Notes due 2039, Class F-2-R Senior Secured Deferrable Floating Rate Notes due 2039 and additional Subordinated Notes due 2039.

The existing Subordinated Notes which were issued on the Original Issue Date and the Additional Subordinated Notes being offered pursuant to this offering shall together form a single class of Subordinated Notes.