Palmer Square European CLO 2022-1 DAC (Refinance): 16 March 2026

The assets securing the Notes will consist of a portfolio of primarily Secured Senior Obligations, Unsecured Senior Obligations, Second Lien Loans, Mezzanine Obligations and High Yield Bonds, and will be managed by Palmer Square Europe Capital Management LLC.

On 21 December 2021 (the Original Issue Date) Palmer Square European CLO 2022-1 issued Class A Senior Secured Floating Rate Notes due 2035, Class B-1 Senior Secured Floating Rate Notes due 2035, Class B-2 Senior Secured Fixed Rate Notes due 2035, Class C Senior Secured Deferrable Floating Rate Notes due 2035, Class D Senior Secured Deferrable Floating Rate Notes due 2035, Class E Senior Secured Deferrable Floating Rate Notes due 2035, Class F Senior Secured Deferrable Floating Rate Notes due 2035 and Subordinated Notes due 2035.

On 13 March 2026 (the Re-issue Date) the Issuer will, subject to certain conditions, refinance each Class of Rated Notes by issuing Class A-R Senior Secured Floating Rate Notes due 2040, Class B-R Senior Secured Floating Rate Notes due 2040, Class C-R Senior Secured Deferrable Floating Rate Notes due 2040, Class D-R Senior Secured Deferrable Floating Rate Notes due 2040, Class E-R Senior Secured Deferrable Floating Rate Notes due 2040, Class F-R Senior Secured Deferrable Floating Rate Notes due 2040 and additional Subordinated Notes.

The Existing Subordinated Notes were issued on the Original Issue Date and are not being offered pursuant to this Offering. The Additional Subordinated Notes issued on the Issue Date with a principal amount outstanding of €32,100,000 and the Existing Subordinated Notes issued on the Original Issue Date shall form a single Class of Subordinated Notes.