Providus CLO IV DAC (2nd refinance): 03 April 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 Permira European CLO Manager LLP.

On 20 May 2020 (the Original Issue Date) Providus CLO IV issued Class A Senior Secured Floating Rate Notes due 2031, Class B Senior Secured Floating Rate Notes due 2031, Class C Senior Secured Deferrable Floating Rate Notes due 2031, Class D Senior Secured Deferrable Floating Rate Notes due 2031, Class E Senior Secured Deferrable Floating Rate Notes due 2031 and Subordinated Notes due 2031.

On 20 May 2021 (the “2021 Refinancing Date”) the Issuer, subject to certain conditions, refinanced in whole each Class of the Original Rated Notes by issuing Class A-R Senior Secured Floating Rate Notes due 2034, Class B-1-R Senior Secured Floating Rate Notes due 2034, Class B-2-R Senior Secured Fixed Rate Notes due 2034, Class C-R Senior Secured Deferrable Floating Rate Notes due 2034, Class D-R Senior Secured Deferrable Floating Rate Notes due 2034, Class E-R Senior Secured Deferrable Floating Rate Notes due 2034 and Class F Senior Secured Deferrable Floating Rate Notes due 2034, and also Additional Subordinated Notes due 2034.

In addition, on the 2021 Refinancing Date the Issuer entered into a loan agreement pursuant to which the Issuer was provided with a facility in the amount of €144,000,000. This 2021 Class A Loan was fully drawn on the 2021 Refinancing Date.

On 1 April 2026 (the Re-issue Date) the Issuer will, subject to certain conditions, refinance in whole each Class of the 2021 Refinanced Debt by issuing Class A-1-R-R Senior Secured Floating Rate Notes due 2040, Class A-2 Senior Secured Floating Rate Notes due 2040, Class B-R-R Senior Secured Floating Rate Notes due 2040, Class C-R-R Senior Secured Deferrable Floating Rate Notes due 2040, Class D-R-R Senior Secured Deferrable Floating Rate Notes due 2040, Class E-R-R Senior Secured Deferrable Floating Rate Notes due 2040, Class F-R-R Senior Secured Deferrable Floating Rate Notes due 2040 and additional Subordinated Notes due 2040.

The Existing Subordinated Notes were issued on the Original Issue Date and the 2021 Refinancing Date with a principal amount outstanding of €39,500,000 and are not being offered pursuant to this Offering. The Additional Subordinated Notes being offered pursuant to this Offering and the Existing Subordinated Notes issued on the Original Issue Date shall together form a single class of Subordinated Notes.