Nassau Euro CLO IV DAC (Refinance): 21 February 2026

The assets securing the Refinancing Notes will consist, and the assets securing the Original Notes consist, primarily of a portfolio of Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Nassau Global Credit (UK) LLP.

On 28 June 2024 (the Original Issue Date) Nassau Euro CLO IV DAC issued Class A-1 Senior Secured Floating Rate Notes due 2038, Class A-2 Senior Secured Floating Rate Notes due 2038, Class B Senior Secured Floating 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 and Subordinated Notes due 2038.

On 18 February 2026 (the 2026 Refinancing Date) the Issuer will, subject to certain conditions, refinance the Original Class A-1 Notes, the Original Class A-2 Notes, the Original Class B Notes, the Original Class C Notes, the Original Class D Notes and the Original Class E 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-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 and Class E-R Senior Secured Deferrable Floating Rate Notes due 2038.

The Original Class F 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 of such Refinancing Notes.