CVC Cordatus Loan Fund XV DAC (2nd Refinance): 05 April 2026

The assets securing the Notes will consist primarily of a portfolio of Senior Secured Loans, Senior Secured Bonds, Second Lien Loans, Mezzanine Obligations and High Yield Bonds, and will be managed by CVC Credit Partners European CLO Management LLP.

On 2 September 2019 (the Original Issue Date) CVC Cordatus Loan Fund XV DAC issued Class X Senior Secured Floating Rate Notes due 2032, Class A Senior Secured Floating Rate Notes due 2032, Class B-1 Senior Secured Floating Rate Notes due 2032, Class B-2 Senior Secured Fixed Rate Notes due 2032, Class C Senior Secured Deferrable Floating Rate Notes due 2032, Class D Senior Secured Deferrable Floating Rate Notes due 2032, Class E Senior Secured Deferrable Floating Rate Notes due 2032, Class F Senior Secured Deferrable Floating Rate Notes due 2032, Class M-1 Subordinated Notes due 2032 and Class M-2 Subordinated Notes due 2032.

On 15 September 2021 (the 2021 Refinancing Date) the Issuer refinanced the 2019 Rated Notes by issuing Class A-R Senior Secured Floating Rate Notes due 2032, Class B-1-R Senior Secured Floating Rate Notes due 2032, Class B-2-R Senior Secured Fixed Rate Notes due 2032, Class C-R Senior Secured Deferrable Floating Rate Notes due 2032 and Class D-R Senior Secured Deferrable Floating Rate Notes due 2032.

On 31 March 2026 (the Issue Date) the Issuer will, subject to certain conditions, refinance the Refinanced Notes by issuing Class A-R Senior Secured Floating Rate Notes due 2039, Class B-R Senior Secured Floating Rate Notes due 2039, Class C-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, Class F-1-R Senior Secured Deferrable Floating Rate Notes due 2039 and Class F-2-R Senior Secured Deferrable Floating Rate Notes due 2039.

The Existing Class M-1 and M2 Subordinated Notes were issued on the Original Issue Date and are not being offered pursuant to this Offering.

The Refinancing Notes (other than the Retention Notes and certain Refinancing Notes) will be offered by the Issuer through Deutsche Bank Securities Inc in its capacity as placement agent of the offering.