Henley CLO IV DAC (Refinance): 18 March 2026

The assets securing the Notes will consist primarily of a portfolio of Senior Loans, Senior Secured Bonds, Mezzanine Obligations and High Yield Bonds, and will be managed by Napier Park Global Capital Ltd.

On 19 March 2021 (the Original Issue Date) Henley CLO IV DAC issued Class A Senior Secured Floating Rate Notes due 2034, Class B-1 Senior Secured Floating Rate Notes due 2034, Class B-2 Senior Secured Fixed Rate Notes due 2034, Class C Senior Secured Deferrable Floating Rate Notes due 2034, Class D Senior Secured Deferrable Floating Rate Notes due 2034, Class E Senior Secured Deferrable Floating Rate Notes due 2034, Class F Senior Secured Deferrable Floating Rate Notes due 2034 and Subordinated Notes due 2034.

On 13 March 2026 (the Re-issue Date) the Issuer will, subject to certain conditions, refinance in whole the Original Rated Notes by issuing 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, Class F-R Senior Secured Deferrable Floating Rate Notes due 2038 and also additional Subordinated Notes due 2038.

The Existing Subordinated Notes were issued on the Original Issue Date with a principal amount outstanding of €35,075,000 and are not being offered pursuant to this Offering. The Additional Subordinated Notes and the Existing Subordinated Notes shall form a single class of Subordinated Notes

The Refinancing Notes (including the Retention Notes) are being offered by the Issuer through JP Morgan Securities plc, in its capacity as placement agent of the offering.