Marino Park CLO DAC (2nd Refinance): 09 March 2026

The assets securing the Debt will consist primarily of a portfolio of Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Blackstone Ireland Limited.

On 23 December 2020 (the Original Issue Date) Marino Park CLO DAC issued Class X Senior Secured Floating Rate Notes due 2034, Class A-1 Senior Secured Floating Rate Notes due 2034, Class A-2 Senior Secured Floating Rate Notes due 2034, Class B Senior Secured Deferrable Floating 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 and Subordinated Notes due 2034.

On 8 February 2022 (the 2022 Refinancing Date) the Issuer refinanced some of the tranches by issuing Class A-1-R Senior Secured Floating Rate Notes due 2034, Class A-2-R Senior Secured Floating Rate Notes due 2034, Class B-R Senior Secured Deferrable Floating Rate Notes due 2034 and Class C-R Senior Secured Deferrable Floating Rate Notes due 2034.

On 6 March 2026 (the Re-issue Date) the Issuer will, subject to certain conditions, refinance the Rated Notes by issuing Class A-R-R Senior Secured Floating Rate Notes due 2039, Class B-R-R Senior Secured Floating Rate Notes due 2039, Class C-R-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 Senior Secured Deferrable Floating Rate Notes due 2039.

In addition, on the Issue Date the Issuer will enter into a loan agreement pursuant to which the Class A Lenders will make available to the Issuer a senior secured floating rate facility in an aggregate amount of €150mln. The Class A Loan will be fully drawn on the Issue Date.

The Subordinated Notes were issued on the Original Issue Date and are not being offered pursuant to this Offering.

The Offered Notes are being offered by the Issuer through Merrill Lynch International, in its capacity as sole arranger and initial purchaser of such Offered Notes.