ICG Euro CLO 2023-2 (Refinance): 19 February 2026

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 ICG Manager Limited formerly known as Intermediate Capital Managers Limited.

On 26 January 2024 (the Original Issue Date) ICG Euro CLO 2023-2 DAC issued Class X Senior Secured Floating Rate Notes due 2038, Class A-1 Senior Secured Floating Rate Notes due 2038, Class A-2 Senior Secured Floating Rate Notes due 2038, Class B-1 Senior Secured Floating Rate Notes due 2038, Class B-2 Senior Secured Fixed 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, Class Z Notes due 2038 and Subordinated Notes due 2038.

On 18 February 2026 (the 2026 Refinancing Date) the Issuer will, subject to certain conditions, refinance and issue Class A-1-R Senior Secured Floating Rate Notes due 2038, Class A2-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 Senior Secured Deferrable Floating Rate Notes due 2038, Class D-R Senior Secured Deferrable Floating Rate Notes due 2038 and Class E-R Senior Secured Deferrable Floating Rate Notes due 2038.

The Class Z Notes and the Subordinated Notes are not being offered pursuant to this Offering.

The Refinancing Notes are being offered by the Issuer through Jefferies International Limited in its capacity as placement agent.